Saturday, 26 May 2012

CPS LONDON



DOWNHILLS ROAD N17


£449,995

AWAITING IMAGE

X6 APARTMENTS  

RENTAL INCOME £28,500 WITH POTENTIAL £39,000 pa


This is an extended mid terrace house arranged into 6 flats, 2 x 1 beds and 4 studios, all self contained with own bathrooms and kitchens . Although provisions for separate meters are installed to all flats, at present, all flats feed off one meter and the landlord pays the bills. The flats were split without planning permission but has establish use since 2004. The extensions have building control certificates.

All flats are tenanted and achieving a combined rent of £28,500 pa. All are under price and potentially the income could be as much as £39,000 pa. For example, a studio flat is currently let for £120.00 when it could achieve £160-£180 per week. 1 bed flats are let for £150.00 per week when it could achieve £200-£220.00 per week.

Asking price is £449,995 which is below market price for a  quick sale. Similar properties in the area are valued between £500-£550,000.00.

Downhills Park Road N17 is a residential road off Philip Lane close to tube and bus services to Central London. A large Tesco and Tottenham Hale Tube station are also within easy reach.








Devonshire, W4            £1,000,000 + VAT  subject to contract
Devonshire Road
Chiswick
London
W4 2JJ



·         Detached freehold pub and garden
·         Gross internal area approximately 5,591 sq ft / 519 sq m
·         Site area approximately 415 sq m (4,477 sq ft)
·         Potential for alternative use/redevelopment (subject to necessary consents)

FOR SALE FREEHOLD WITH VACANT POSSESSION
£1,000,000 (PLUS VAT IF APPLICABLE)
LOCATION
The property is located at the junction of Devonshire Road and Ashbourne Grove in a mainly residential area of Chiswick.  The northern end of Devonshire Road is populated by niche retailers and quality food and beverage offers including the Michelin starred La Trompette.  The High Road is approximately 375 metres to the north, the nearest underground station is Turnham Green (District Line).
THE PROPERTY
A detached two storey property built over part basement. The accommodation can be summarised as follows, floor plans are enclosed herewith:-
Ground Floor (2,554 sq ft / 237 sq m)
Open plan trade area with single servery. Panelled walls and three fireplaces (it is not known if they function). Two sets of male and female WC’s.  Commercial kitchen, storage.
First Floor (1,345 sq ft / 125 sq m)
Five rooms, bathroom, separate WC, storage.
Basement (799 sq ft / 74 sq m)
Beer cellar, general storage.
Outdoor (893 sq ft / 83 sq m)
Rear yard with walk-in refrigeration, side passageway, trade garden.
From ProMap measurements it has been calculated that the building footprint is approximately 268 sq m (2,891 sq ft) and the site area is approximately 415 sq m (4,477 sq ft).
NB:  The measurements set out herein were taken using the ProMap measuring system and are for guidance purposes only and no reliance should be placed on this when making any offer to purchase either expressly or impliedly and for the avoidance of doubt AG&G Chartered Surveyors will be not liable for any losses howsoever arising in law as a result of the bidder placing any reliance on such measurement. The successful bidder should state if they wish to undertake a measured survey prior to exchange of contracts to enable it to satisfy itself of the precise measurements.
PREMISES LICENCE
The Premises License permits the sale of alcohol from 11:00 am to Midnight Monday to Saturday and from Noon to 10:30 pm on Sunday.
SERVICES
The property is believed to be connected to all mains services.
LOCAL TAXATION
The property is listed as a Public House and Premises and has a Rateable Value of £52,500.
PLANNING
From informal enquiry of the London Borough of Hounslow it has been ascertained that the property is not
listed as being of Special Architectural or Historical Interest, nor does it lie within a conservation area.
BASIS OF SALE
Unconditional offers are invited for the freehold interest with vacant possession upon completion, guide price £1,000,000 plus VAT.


CONTACT Mark Greenwood  07716023743

conceptpropertysolutions@gmail.com



The Idle Hour



FOR SALE FREEHOLD WITH VACANT POSSESSION
(EXCEPT FOR A MOBILE PHONE INSTALLATION)
£750,000 (PLUS VAT IF APPLICABLE)
LOCATION





The property is located at the junction of Greyhound Road and Field Road, it is very close to The Queen’s Club.  Charing Cross Hospital lies approximately 400 metres to the west, Barons Court and West Kensington Underground Stations lie to the north and north east.

THE PROPERTY
An end of terrace three storey property built over basement. The accommodation can be summarised as follows, floor plans are enclosed herewith:-
Ground Floor (1,670 sq ft / 155 sq m)
Open plan split level trade area with single servery.  High standard of fitting out including ‘opening’ glazed roofing and feature staircase to first floor.  Disabled customer WC.
First Floor (1,414 sq ft / 131 sq m)
Open plan trade area, gallery kitchen, customer WC’s, storage.
Second Floor (672 sq ft / 62 sq m)
Three rooms, shower room with WC.
Basement (1,142 sq ft / 106 sq m)
Male and female customer WC’s, range of storage facilities and cellarage.

PREMISES LICENCE
The Premises License permits the sale of alcohol from 10:00 am to midnight Monday to Saturday and from noon until 11:00 pm on Sunday.

SERVICES
The property is believed to be connected to all mains services.

LOCAL TAXATION
The property is listed as a Public House and Premises and has a Rateable Value of £30,750, there is a separate assessment for a mobile phone plant which has a Rateable Value of £2,750.

PLANNING
From informal enquiry of the London Borough of Hammersmith & Fulham it has been ascertained that the property is not Listed but does lie within the Queen’s Club Gardens Conservation Area.

BASIS OF SALE / TENURE
Unconditional offers are invited for the freehold interest with vacant possession (except for the mobile phone installation which is let until the 30th September 2012 at a fee of £3,224 per annum plus a £250 per annum payment for electricity).  The guide price is £750,000 plus VAT.

Close to The Queen’s Club
·         Two well designed trading levels
·         Densely populated West London location
·         Potential for alternative use/redevelopment (subject to necessary consents)


CONTACT Mark Greenwood  07716023743

conceptpropertysolutions@gmail.com





GUIDE PRICE £1,050,000

LOCATION
The property is located on Finborough Road, backing onto Ifield Road. West Brompton Underground and overground station lies a short distance to the north west with Fulham Road and Kings Road lying to the south.  Further transport facilities exist at Earls Court, approximately 600 metres to the north.




THE PROPERTY
Built on three storeys over basement, it currently trades on both ground floor and basement levels, the first floor comprises a theatre with seating for approximately 50.  The second floor comprises a residential flat with four bedrooms.  Floor plans are attached, the gross internal floor areas are as follows:-
Basement 1,679 sq ft (156 sq m)
Ground Floor 1,216 sq ft (113 sq m)
First Floor 1,130 sq ft  (105 sq m)
Mezzanine 75  sq ft (7 sq m)
Second Floor 1,130 sq ft (105 sq m)
TOTAL 5,230 sq ft    (486 sq m)

TENURE
The property is let under two leases.  The pub element comprising the basement, ground and second floors, is let for a term of five years expiring on the 16th September 2015 subject to a tenant’s renewal option.  The rent passing is £32,000 per annum subject to annual indexation based on the Retail Price Index (RPI) and an open market review on the 16th September 2015 if the renewal option is exercised and five yearly thereafter.  In addition the tenant pays an annual licence fee of £4,000, compliance service charge of £1,000 and a heating maintenance service charge of £768. The tenant is Eucalypt Ventures (UK) Pty Limited, guaranteed by RVR Malcolm and S Scheeler.  A rent deposit of £8,051 is held together with a repairs and maintenance fund of £10,320.
The theatre lease pays a rent of £5,106 per annum and expires on the 30th June 2012, the agreement is contracted out of the security of tenure provisions of the 1954 Landlord & Tenant Act.
The two tenants have repairing and decorating responsibilities but the freeholder is responsible for repairs to the structure, the freeholder recharges the tenants for insurance.  The total annual sum (excluding insurance payments) collectable by the freeholder at present is approximately £42,874, not all is rent,£36,000 of which is index linked to RPI.

TERMS
The freehold interest is offered for sale at the subject to contract guide price of £1,050,000.










£1.8 million   BELMONT ROAD   UXBRIDGE

INVESTMENT / DEVELOPMENT OPPORTUNITY WITH PLANNING PERMISSION 27 APARTMENTS

Location:
Uxbridge is a sought after town located within the London Borough of Hillingdon, approximately 15 miles North West of Charing Cross. The property is situated at the corner of Belmont Road and Retford Way. Uxbridge Underground Station is in close by which provides services via both Metropolitan and Piccadilly Lines with connections to the City, West End and Heathrow Airport.
Opportunity:
The property comprises a two-storey premises fronting Belmont Road currently arranged as 2 retail units with offices above.
To the rear is a further two-storey unit currently arranged as a gym.
The property also benefits from planning permission to create nine residential units within a new 2nd and 3rd floor extension.
The property is part-let as per the schedule and currently produces £93,000p.a.
There is significant potential to increase the current rental income by carrying out lease renewals and letting the vacant office space.
Development:
The property benefits from planning permission on 24th November 2009 under reference APP/2009/379 for two additional stories to provide 5 x 1, 3 x 2 and 1 x 3 bedroom apartments.
The site offers further potential by way of conversion of the existing first floor office space into residential accommodation.
Indicative plans have been prepared to show how the entire site could be comprehensively redeveloped with a scheme comprising 27 apartments and retail space.

Contact Mark Greenwood

07716023743

conceptpropertysolutions@gmail.com


Subject: KINGSLAND ROAD, LONDON E8

DEVELOPMENT OPPORTUNITY / INVESTMENT

PROMINENT CORNER RESTAURANT

RESIDENTIAL BUILDING, FREEHOLD FOR SALE

The price is £2.5 Million plus VAT.

DESCRIPTION:

The building is arranged over basement, ground and three upper floors currently

arranged as ground floor restaurant with basement kitchen. The upper floors presently

comprise 17 self contained studio flats accessed via its own entrance on Kingsland

Road. Each flat comprises studio room with kitchen, separate shower room/wc. The

property may also suit development, subject to receipt of Planning Permission.

Ground Floor Restaurant & Basement:

Let on a Full Repairing and insuring lease for a term of 20 years from October 2000,

subject to 4 yearly rent reviews (next rent review October 2012) at a current rental of

£60,000 per annum exclusive.

Residential:

The flats are all currently let on assured shorthold tenancy agreements and produce an

income of £162,240 per annum exclusive.

TOTAL RENTAL INCOME: £222,240 per annum exclusive.



RESIDENTIAL DEVELOPMENT SITE BASED IN SW18 LONDON

FULL PLANNING FOR 3 NEW BUILD HOUSES.
1 EXISTING GATEHOUSE ON SITE

ASKING PRICE OF ££950,000 SUBJECT TO CONTRACT

GDV £2.4 MILLION

6 months build time ensuring a quick turn around investment.

GATEHOUSE



AERIAL VIEW OF SITE

















































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