The property is situated within the Royal Borough of Kensington and Chelsea; a densely populated and affluent area, home to globally renowned cultural attractions such as the Royal Albert Hall, Saatchi Gallery, Natural History Museum and the Victoria & Albert Museum. It is situated in an area of high value residential property.
The retail premises provide an open plan retail sales space at ground level, occupied by the brand Melissa Odabash.
The upper parts consist of a 3 bedroom split level apartment. At the front of the property is a well laid out kitchen. The sitting/dining room is to the rear with a terrace behind.
The second floor comprises a bedroom with en-suite shower room at the front of the property and the master bedroom with a separate bathroom at the rear of the building. The master bedroom also has a conservatory addition, leading to a large terrace to the rear.
The third floor comprises another bedroom/study with its own terrace.
Commercial – The ground floor shop is let to Avalon Fashions II Limited trading as Melissa Odabash at a rent of £78,000 pax. The lease is contracting outside the Landlord and Tenant Act 1954 for a term of 10 years from 2nd June 2021. The lease is subject to a mutual option to determine 1st June 2026 and upward only rent reviews 2nd June 2023 and 2nd June 2026.
Avalon Fashions II Limited has a Creditsafe score of 58 which indicates there is a low risk of the business failing over a 12 month period. Avalon Fashions II Limited provided an initial deposit of £32,500 in 2011 (plus any accrued interest)
Residential – The residential accommodation is to be sold with vacant
Immediate upon completion of legal formalities.
Interested parties are advised to make their own enquiries with the relevant local authority.
Each party to bear their own.
Available on request.
Misrepresentation Act: Miles Commercial Limited for themselves and for the vendors or lessors of the property whose agents they are give notice that :i) The particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part of an order or contract; ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; iii) No person in the employment of Miles Commercial Limited has any authority to make or give any representation or warranty whatsoever in relation to this property. Miles Commercial Limited trading as Miles Commercial, registered in England at NatWest Bank Chambers, 55 Station Road, New Milton, Hampshire BH25 6JA Company registration No:2591029