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Home , Kensington High Street, London

199 HIGH , W8 6BA RARE OPPORTUNITY TO PURCHASE FREEHOLD INTEREST WITH VACANT POSSESSION

geraldeve.com The Opportunity

• Prime location on Kensington • Rare opportunity to the purchase freehold interest with vacant possession • Accommodation extends to circa 7,000 sq ft • Retail is arranged over basement, ground and first floor • Residential / convent use over second and third floors with potential to add a floor, subject to necessary permissions

2 199 , LONDON W8 6BA Location & Situation

Located within the prime area of Kensington, within the Royal of Kensington and Chelsea. Kensington is one of London’s most affluent areas with of notable attractions including , the , the Natural History , the Museum and the Victoria and Albert Museum.

Kensington High Street is Kensington’s prime commercial area with a variety of major national and international retailers including Whole Foods, Waitrose, Oliver Bonas, Zara, Uniqlo and Boots. There are also a number of high-end restaurants including The Ivy, Aubaine and The Roof Gardens, and more casual eateries including Joe & The Juice and Ole & Steen. The area is one of London’s leading retail destinations that benefits from footfall from both wealthy local residents and large volumes of tourists visiting local attractions.

The subject premises are situated on the southernKensington side of Kensington High Street close to the junction with Allen Street. High Street Kensington Station is three minutes walk to the east providing access to ’s District & Circle Lines. There are a number of bus stops in close proximity.

Copyright and confidentialty Experian, 2020. © Crown copyright and database rights. OS100019885 © Crown Copyright 2020. Licence no 100020449. Not to scale. Experian Goad Plan Created: 13/08/2020 Created By: Gerald 50 metres Copyright and confidentiality Experian, 2020. © Crown copyright and database For more information on our products and services: rights 2020. OS 100019885 www.experian.co.uk/goad | [email protected] | 0845 601 6011

199 KENSINGTON HIGH STREET, LONDON W8 6BA 3

Ordnance Survey Crown Copyright 2020. All rights reserved. Licence number 100022432. Plotted Scale - 1:25000. Paper Size – A4 Description

The property comprises a mid terrace, mixed use building arranged as retail/ancillary accommodation on basement, ground and first. The second and third floors have been used for residential purposes by a religious community. In total, the building extends to approximately 7,032 sq ft and benefits from three roof terraces. The property is of rendered construction. The basement, ground and first floor provide retail space with the basement used as storage and the ground and first floors providing sales space and meeting / reading areas. The accommodation is finished to a specification including carpeted flooring, plaster painted walls, suspended ceilings with recessed fluorescent strip lighting. The first floor was refurbished in 2017. The second and third floors and roof terrace are in convent / residential use. The second floor is arranged as kitchen, lounge, W/C and three . The third floor provides 5 single bedrooms with wash hand basins (1 single room with ensuite), bathroom, 2 x W/Cs and shower room. The top floor provides a laundry room and access onto a large roof terrace. The upper residential parts are self-contained having their own separate access from the street. There is a lift, fire escape staircase between all floors and an access from a passageway at the rear.

4 199 KENSINGTON HIGH STREET, LONDON W8 6BA Accommodation

The approximate area of the building is detailed below.

Accommodation Floor Area Retail GIA GIA NIA NIA ITZA Basement: Storage 139.1 sq m 1,497 sq ft 100.0 sq m 1,076 sq ft 53.8 sq ft Ground: Sales 141.3 sq m 1,520 sq ft 108.1 sq m 1,163 sq ft 762.0 sq ft First: Sales 138.4 sq m 1,489 sq ft 97.4 sq m 1,049 sq ft 104.9 sq ft Total 418.7 sq m 4,507 sq ft 305.5 sq m 3,288 sq ft 920.7 sq ft

Residential Second: Residential 113.6 sq m 1,223 sq ft Third: Residential 105.6 sq m 1,137 sq ft Roof : Residential 15.3 sq m 165 sq ft Total 234.5 sq m 2,525 sq ft

Total GIA 653.2 sq m 7,032 sq ft

199 KENSINGTON HIGH STREET, LONDON W8 6BA 5 28.85 28.85 28.93 28.93

27.25 26.89

26.25

17.69

Board Board FIVE GUYS BALANS SOCIETY Nationwide Board Alarm Board 14.73 14.72 14.71 14.77 Cash Glass Machine Front Front Glass Glass Doors Door

12.73 12.54 12.41

ALLEN ST EXISTING SITE 199 201-207

EXISTING ELEVATION - LOOKING SOUTH ON KENSINGTON HIGH ST 1

28.85 28.85 28.93 28.93

27.25 26.89

26.25

17.69

Board Board FIVE GUYS BALANS SOHO SOCIETY Nationwide Board Alarm Board 14.73 14.72 14.71 14.77 Cash Glass Glass Machine Front Front Glass Glass Doors Door

12.73 12.54 12.41

Allen Street 197 Kensington High Street 199 Kensington High Street 201-207 Kensington High Street PROPOSED ELEVATION - LOOKING SOUTH ON KENSINGTON HIGH ST 2 These developments would indicate the potential to add a floor to the subject property, subject to necessary permissions.

6 199 KENSINGTON HIGH STREET, LONDON W8 6BA

0 5 10 15 20 25 M

SCALE 1:400 @ A3

179460

179450

179440

179430

179420

179410

179400

179390

N 179380

179370

179360 28.85 28.85 28.93 28.93

27.25 26.89

26.25

17.69

Board Board FIVE GUYS BALANS SOHO SOCIETY Nationwide Board Alarm Board 14.73 14.72 14.71 14.77 Cash Glass Glass Machine Front Front Glass Glass Doors Door

12.73 12.54 12.41

ALLEN ST EXISTING SITE 199 201-207

EXISTING ELEVATION - LOOKING SOUTH ON KENSINGTON HIGH ST 1

Planning and Development Potential Tenure

We are of the opinion that the basement, ground and first floor would fall within Use Class Freehold with vacant possession. (shops) of the Town and Country Planning (Use Classes) Order 1987. From 1 September 2020, this would fall within Use Class E (Commercial, Business and Service), meaning a range

28.85 28.85 28.93 28.93 of other commercial uses would be without planning permission, including use as a nursery, , restaurant or offices. Method of sale

27.25 26.89 The residential accommodation at second and third floors has been occupied by members We will be inviting proposals by way of an informal tender with details to follow. The vendors 26.25 of the Daughters of St Paul, therefore the use of this part is either residential (C3) or convent have a preference for a sale on an unconditional basis but all offers will be considered. (sui generis).

The property is situated between two buildings undergoing . Works have begun to no. 197 which has planning permission (ref: PP/19/05247) for ‘demolition of existing Further Information building and development of new building of basement, ground and four upper floors to contain a mixed Class A1/ A3 use or alternative Class A1 use at basement and ground floor and A copy of the freehold title, EPC and floor plans can be made available on request. Class B1 offices at first to fourth floors with associated bin storage, cycle parking and plant’.

Planning permission was obtained for no’s. 201-207 (ref: PP/16/01412) for ‘redevelopment of site involving retention and restoration of front facade, erection of two additional storeys Contacts 17.69 and alteration and extensions to rear first and second floor levels to provide 14 residential units (4 x 1 , 9 x 2 beds and 1 x 3 beds), creation of additional basement level to provide Rhiannon Klein Ben Gilbey Ben Nichols Board Board FIVE GUYS BALANS SOHO SOCIETY for a gym, alteration of existing basement level to provide improved retail floorspace; Nationwide Board Alarm Mobile. +44 (0)7920 363490 Mobile. +44 (0)7393 764732 Mobile. +44 (0)7786 733198 Board provision of new shop fronts’. 14.73 [email protected] [email protected] [email protected] 14.72 14.71 14.77 Cash Glass Glass Machine Front Front Glass Glass A planning application for a revised scheme has been submitted (ref: PP/20/03325) for Doors Door ‘redevelopment of the site involving retention and restoration of the front facade of the 12.73 12.54 12.41 building, erection of two additional storeys and alteration and extensions to the rear at first and second floor levels to provide 19 residential units (3 x studios, 9 x 1 bed, 6 x 2 beds and 1 x 5 beds), creation of an additional basement level to provide for a new gym, alteration of existing basement level to provide improved retail floorspace, provision of new shop fronts, and cycle parking facilities’.

Allen Street 197 Kensington High Street 199 Kensington High Street 201-207 Kensington High Street PROPOSED ELEVATION - LOOKING SOUTH ON KENSINGTON HIGH ST 2

199 KENSINGTON HIGH STREET, LONDON W8 6BA 7

0 5 10 15 20 25 M

SCALE 1:400 @ A3

179460

179450

179440

179430

179420

179410

179400

179390

N 179380

179370

179360 Contacts

Rhiannon Klein Ben Gilbey Ben Nichols Mobile. +44 (0)7920 363490 Mobile. +44 (0)7393 764732 Mobile. +44 (0)7786 733198 [email protected] [email protected] [email protected]

Conditions under which these particulars are issued All details in these particulars are given in good faith, but LLP for themselves and the Vendors/Lessors of this property for whom they act give notice that: - 1. These particulars do not and shall not constitute, in whole or in part, an offer or a contract or part thereof, and Gerald Eve LLP have no authority to make or enter into any such offer or contract. 2. All statements contained in these particulars are made without acceptance any liability in negligence or otherwise by Gerald Eve LLP, for themselves or for the Vendors/Lessors. 3. None of the statements contained in these particulars is to be relied on as a statement or representation of fact or warranty on any whatsoever, and intending purchasers must satisfy themselves by whatever means as to the correctness of any statements made within these particulars. 4. The Vendors/Lessors do not make, give or imply, nor do Gerald Eve LLP or any person in their employment have any authority to make, give or imply, whether in these particulars or otherwise, any representation or warranty whatsoever in relation to the property. The statement does not affect any potential liability under the Property Misdescription Act 1991. Particulars issued August 2020.

Gerald Eve LLP is a limited liability partnership registered in and with registered number OC339470 and its registered at 72 Welbeck Street, London, W1G 0AY.