Description:

Long leasehold opportunity to acquire the upper floors of a prominent corner property.

Currently configured as three 1 bedroom apartments accessed via an entrance off Bina Gardens with further development potential.

Planning permission has been granted for the roof and rear extension.

Located within the Royal Borough of Kensington and Chelsea, close to South Kensington and Gloucester Road.

Property to be sold on a new 125 long lease.

The Net Saleable Area (NSA) currently extends to approximately 2,067 sq ft.

Available with vacant possession.

The sale comprises the upper parts of a period stucco-fronted property arranged over first, second and third floors, accessed via an entrance off Bina Gardens. The property is currently occupied on the basis of C3 residential use and configured as three 1 bedroom apartments, all of which are currently let on Assured Shorthold Tenancies. The commercial premises on the ground and basement floors are accessed separately off Old Brompton Road and are not included in the sale.

DESCRIPTION OF PROPOSED PROPERTY

The property benefits from planning permission for a roof and

rear extension from the Royal Borough of Kensington and

Chelsea which reflects the following unit layout:

* 1st floor: 1 bedroom apartment

* 2nd floor: 1 bedroom apartment

* 3rd and 4th floors: 2 bedroom apartment

An alternative proposal for a revised layout with an additional unit has now also been submitted for planning permission following a positive pre-application response with approval.

Anticipated by April 2017:

* 1st floor: 1 bedroom apartment

* 2nd floor: 1 bedroom apartment

* 3rd floor: Studio apartment

* 3rd and 4th floors: 1 bedroom apartment