London north: property for sale
Freehold Mixed Use Building Investment For Sale (£1,400,000)
Located on Hammersmith Road, opposite Kensington Olympia Exhibition Centre, this mixed use commercial and residential property is a brilliant investment. The commecial unit is rented to a supermarket who occupy the ground and lower ground floors of the building. The remainder of the property is let as residential units. A must see for investers as the property is in need of modernisation.
Location: This is a rare mixed use freehold property in the heart of Kensington Olympia. The premises is located opposite the junction of Olympia Way with the Hammersmith Road / Kensington Road in West London.
The Olympia Exhibition Hall Complex, with its rail and underground station lies opposite, and attracts some one million visitors per annum.
Hammersmith Broadway, one of Europe's busiest transport interchanges, lies half a mile to the west and the shops of High Street Kensington half a mile to the east.
Description: The property comprises a ground and lower ground floor retail unit with three residential floors above constructed of traditional brick.
The first floor offers one large residential unit while the second and third floors are occupied by a three bedroom maisonette.
The residential floors are being offered together with the commercial unit as one freehold unit. The commercial unit benefits from access to a back yard and alleyway which leads to Avonmore Road.
Planning and Development: Planning permission to convert to three flats plus an extension vertically by one further floor to the back of the building has been approved in the past. See application number 98 / 02555.
The local planning authority is The Borough of Hammersmith and Fulham.
Price:£ 1,400,000
Tenure:Freehold
VAT:Only applicable on the commercial part of the premises
Area:To be confirmed.
Contact details
- Email: Click here to reply to this ad
- Phone: 020 7603 5959
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