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365 Fulham Road, Chelsea, London SW10 9TN Mixed-Use Development Opportunity For Sale www.kingsbury-consultants.co.uk 365 Fulham Road, Chelsea, London SW10 9TN
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT FLOOR PLANS TERMS
SUMMARY
• Existing 4-storey mid-terrace building comprising retail space and 3 residential units
• Planning permission for a 5-storey new build scheme comprising 7 residential units (6 x 1 bedroom & 1 x 2 bedroom apartments) totalling 4,014ft2 NSA and a retail unit of 1,009ft2 GIA across ground and lower ground floors
• Highly sought-after location close to numerous commercial amenities and circa 0.7 miles from Fulham Broadway Underground Station
• Offers in excess of £2,750,000 for the vacant freehold interest www.kingsbury-consultants.co.uk 365 Fulham Road, Chelsea, London SW10 9TN
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT FLOOR PLANS TERMS
DESCRIPTION
The existing property comprises a 4-storey mid-terrace building which contains retail and residential uses, which will be sold with full vacant possession.
The ground and lower ground floors are arranged as a self-contained retail unit, most recently used as an A1 retail unit. The upper floors consist of 3 residential units, a 1 bedroom flat and studio flat at 1st floor with a 1 bedroom flat on the 2nd floor. The property also includes a sizeable yard to the rear.
The apartments are let on AST’s producing a combined rent of £48,720 per annum. The tenancy can be terminated at 8 weeks notice.
The building is bounded by a modern mixed-use development to the west, a restaurant with offices above to the east and residential properties to the south. LOCATION
The property is prominently located on the southern side of Fulham Road in Chelsea, within The Royal Borough of Kensington & Chelsea.
Ordnance Survey © Crown Copyright 2019. All Rights Reserved. Licence number 100022432 Chelsea is one of London’s most desirable residential areas and Fulham Road itself is host to Plotted Scale - 1:1250. Paper Size - A4 numerous shops, restaurants and other commercial amenities.
The site is located approximately 0.5 miles from the River Thames.
The nearest London Underground station is Fulham Broadway (circa 0.7 miles) which provides District Line services. West Brompton, Earl’s Court, Gloucester Road and South Kensington stations are also in close proximity. www.kingsbury-consultants.co.uk 365 Fulham Road, Chelsea, London SW10 9TN
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT FLOOR PLANS TERMS
PLANNING & DEVELOPMENT POTENTIAL EXISTING PROPERTY SCHEDULE Unit Floor Description GIA ft2 GIA m2
Planning permission was approved on 25th January 2019, under reference PP/18/05392, for Commercial the demolition of the existing building and the construction of a new 5-storey building to 1 Lower Ground / Ground Retail Space 1,200 111 provide 7 residential units with a retail unit extending to 1,009ft2 across the ground and lower Residential ground floors. 1 First 1 Bedroom 2 Person Apartment Approx. 500 Approx. 46 The residential element of the proposed scheme comprises 6 x 1 bedroom apartments and 2 First Studio Apartment Approx. 350 Approx. 33 1 x 2 bedroom duplex apartment extending to a total Net Saleable Area of 4,014ft2. The 2 bedroom duplex unit will be arranged across the ground and lower ground floors, and will 3 Second 1 Bedroom 2 Person Apartment Approx. 600 Approx. 56 benefit from a private garden. There will be 2 x 1 bedroom flats on each of the upper floors, Sub-Total 1,450 135 with 4 benefiting from a private terrace. Total 2,650 246 All units are for private sale with no affordable housing required. The planning consent is not subject to any Section 106 financial contributions however, there is a CIL liability of PROPOSED ACCOMMODATION SCHEDULE approximately £63,505.35. Unit Floor Description GIA ft2 GIA m2 Commercial 1 Lower Ground / Ground Retail Space 1,009 93.7 Residential 1 Lower Ground / Ground 2 Bedroom 4 Person Duplex Apartment 1,008 93.6 2 First 1 Bedroom 2 Person Apartment 529 49.1 3 First 1 Bedroom 2 Person Apartment 523 48.6 4 Second 1 Bedroom 2 Person Apartment 529 49.1 5 Second 1 Bedroom 2 Person Apartment 523 48.6 6 Third 1 Bedroom 2 Person Apartment 441 41.0 7 Third 1 Bedroom 2 Person Apartment 462 42.9 Proposed Front Elevation Sub-Total 4,014 372.9 Total 5,022 466.6 www.kingsbury-consultants.co.uk 365 Fulham Road, Chelsea, London SW10 9TN
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT FLOOR PLANS TERMS
PROPOSED FLOOR PLANS
Lower Ground Ground First Second Third www.kingsbury-consultants.co.uk 365 Fulham Road, Chelsea, London SW10 9TN
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT FLOOR PLANS TERMS
TENURE
The property will be sold freehold and subject to vacant possession if required on completion.
VAT
The property is not elected for VAT.
TERMS
Offers are invited in excess of £2,750,000.
ADDITIONAL INFORMATION
Further information including planning and legal documents are available within our dataroom using the access code ‘Fulham’.
CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents:
Paul Heale 020 7183 2529 [email protected]
Joe Goldsmith 020 7183 2529 [email protected]
Kingsbury 1st Floor, 81 Alie Street, London E1 8NH
Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268. Indicative Visualisation