43-45 CROMWELL ROAD
LONDON·SW7
PRIME CENTRAL LONDON INVESTMENT OPPORTUNITY
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CGP15509-CG11S.indd 2 01/11/2017 09:10 Investment Summary
Prime location in the heart of South Kensington within the Royal Borough of Kensington and Chelsea.
·· Unique opportunity to acquire a prime block of 1 and 2 bedroom apartments in need of refurbishment. ·· 150 Year head lease at peppercorn rent. ·· Situated on Cromwell Road opposite the Natural History Museum close to both South Kensington and Gloucester Road Underground Stations. ·· 43-45 Cromwell Road comprises a self contained building providing 11 apartments with a total gross area of 11,508 sq ft / 1,069 sq m. ·· Seven of the apartments are currently let on AST's with a total rent receivable of approximately £178,000 per annum. Please note: This amount is subject to change. ·· The Estimated Rental Value of the Property is in the region of £401,700 per annum
43-45 CROMWELL ROAD 3
CGP15509-CG11S.indd 3 01/11/2017 09:10 Location & Situation
Situated on the south side of Cromwell Road The sensational greenery and lakes within at its junction with Queensbury Place in the Hyde Park as well as Kensington High heart of South Kensington. Street is approximately a 10 minute walk Located a short walk from the superb north of 43-45 Cromwell Road. restaurants and fashion stores in South Regent’s Park Bayswater Russell Square Kensington and Brompton cross, and located Goodge Notting Lancaster Bond Oxford Street Chancery less than a mile from Knightsbridge and its Hill Gate Gate Street Circus Holborn Lane Holland Queensway Marble Tottenham world famous luxury boutiques and restaurants, Arch Court Road Covent as well as Belgravia, home to many of the High Street Garden Kensington Green Park worlds finest embassies and high net worth Leicester Mansion Hyde Park Corner Piccadilly Square House Circus families. The building is also situated opposite Knightsbridge Charing Cross The Natural History Museum, The Science Gloucester Road Sloane St. James’s Square Park Museum, The Victoria and Albert Museum and Temple
a short walk to The Royal Albert Hall. Earl’s South Victoria Westminster Embankment Court Kensington
4 43-45 CROMWELL ROAD
CGP15509-CG11S.indd 4 01/11/2017 09:10 HYDE PARK
KNIGHTSBRIDGE
HARRODS
43-45 BROMPTON ROAD STREET SLOANE CROMWELL ROAD
SCIENCE MUSEUM
V&A NATURAL MUSEUM
HISTORY MUSEUM Queen’s Gate Queen’s
Cromwell Road
43-45 CROMWELL ROAD 5
CGP15509-CG11S.indd 5 01/11/2017 09:10 The Apartments
The Property has been in reasonable order throughout. ground and basement the same ownership for However, it would benefit floor. This apartment is approximately 9 years. from a full refurbishment of not accessible from the The Property comprises both the common parts and common parts and is outwith 11 apartments arranged inside each apartment. the sale of The Property. over first to fifth floors. Flat 3 is now part of the A new 150 year lease Internally, the property is in casino situated on the will be created.
6 43-45 CROMWELL ROAD
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CGP15509-CG11S.indd 7 01/11/2017 09:10 16'5'' x 13'6'' 11'2'' x 8'1'' 5.00 x 4.12m 3.41 x 2.46m
CH 3.06M
Fire Exit 07
Lift Lift
Fire Exit
CH 3.27M CH 2.95M
Bedroom 15'10'' x 9'11'' Lounge CH 2.96M 4.82 x 3.03m Lounge 21'5'' x 16'2'' 21'5'' x 16'4'' 12'10'' x 10'7'' 6.52 x 4.94m 6.53 x 4.99m 10'11'' x 10'5'' 3.92 x 3.23m CH 3.30M 3.32 x 3.17m
02 06 04 05
CH 3.39M CH 2.39M Kitchen Kitchen 9'9'' x 8'9'' 10'4'' x 8'11'' 2.98 x 2.66m 3.15 x 2.71m CH 2.43M
CH 2.95M Lounge 21'10'' x 14'2'' 6.66 x 4.33m Kitchen 21'9'' x 14'2'' CH 3.28M 12'6'' x 4'9'' 6.64 x 4.31m 3.80 x 1.44m CH 2.95M CH 3.28M CH 2.95M 11'2'' x 9'3'' Bedroom 3 CH 3.30M 3.40 x 2.81m CH 2.43M Bedroom 1 Bedroom 2 13'11'' x 13' Bedroom 2 13'9'' x 12'10'' 9'11'' x 9'6'' 4.24 x 3.95m 12'10'' x 9'8'' 4.20 x 3.92m 3.03 x 2.89m 3.91 x 2.95m
SECOND FLOOR THIRD FLOOR
Lift Lift
16'0'' x 13'6'' 4.88 x 4.11m
01
21'10'' x 14'3'' 6.65 x 4.35m
Kitchen 12'6'' x 9'2'' CH 4.00M 3.82 x 2.79m
Entrance
GROUND FLOOR Terrace 9'3'' x 6'11'' FIRST FLOOR 2.81 x 2.11m
8 43-45 CROMWELL ROAD
CGP15509-CG11S.indd 8 01/11/2017 09:10 Bedroom 9'8'' x 8' 2.94 x 2.45m 16'6'' x 15'9'' 5.03 x 4.80m
23'6'' x 14'3'' 7.16 x 4.35m
Fire Exit 10
Fire Exit
Lift Lift
21'5'' x 16'5'' 6.52 x 5.00m Bedroom 1 15'1'' x 10'6'' CH 2.38M Bedroom 2 4.60 x 3.20m Bedroom 12'7'' x 10'10'' Bedroom 10'10'' x 10'6'' 11'7'' x 10'10'' 3.84 x 3.30m 12'7'' x 10'8'' CH 2.70M 3.29 x 3.19m 3.53 x 3.29m 3.84 x 3.24m
09 08 11 12
Kitchen 9'8'' x 9' 2.95 x 2.75m
HW CH 2.35M Lounge 21'9'' x 14'4'' CH 2.35M Lounge 6.63 x 4.36m 19'3'' x 14'3'' 5.88 x 4.35m CH 2.69M
Kitchen 21'11'' x 16'5'' 9'6'' x 9'2'' 13'9'' x 13' 9'0'' x 8'5'' 6.69 x 5.00m 2.90 x 2.80m 13' x 9'7'' 4.18 x 3.95m 2.75 x 2.57m 3.95 x 2.92m
FOURTH FLOOR FIFTH FLOOR
01 / 806 sq ft 05 / 948 sq ft 08 / 942 sq ft 11 / 1,212 sq ft
02 / 951 sq ft 06 / 938 sq ft 09 / 948 sq ft 12 / 903 sq ft
04 / 801 sq ft 07 / 432 sq ft 10 / 439 sq ft Communal Areas
Approximate Gross Internal Area: 11,508 sq ft / 1,069 sq m N
This floor plan is for guidance only and not for valuation purposes. No responsibility is taken for any error or omission: If there is any aspect of particular importance, you should please arrange your own inspection.
9 43-45 CROMWELL ROAD
CGP15509-CG11S.indd 9 01/11/2017 09:10 Accommodation Schedule
Residential Tenancy Schedule
Unit No Floor Beds Approx Net GIA Outside ERV ERV Current Rent Current Rent £/ft² Per week Per Year Per Week Per Year 1 1 1 74.88 m² 806 ft² Yes £725 £37,700 £485 £25,220 £46.77 2 2 1 88.36 m² 951 ft² No £750 £39,000 £539 £28,028 £41.01 4 2 2 74.43 m² 801 ft² No £650 £33,800 £495 £25,740 £42.20 5 3 2 88.05 m² 948 ft² No £775 £40,300 £525 £27,300 £42.51 6 3 2 87.24 m² 938 ft² No £775 £40,300 £525 £27,300 £42.92 7 3 1 40.13 m² 432 ft² No £450 £23,400 £360 £18,720 £54.17 8 4 2 87.51 m² 942 ft² No £775 £40,300 Vacant Vacant £42.78 9 4 2 88.07 m² 948 ft² No £775 £40,300 £500 £26,000 £42.51 10 4 1 40.78 m² 439 ft² No £475 £24,700 Vacant Vacant £0.00 11 5 2 112 . 59 m² 1.212 ft² No £825 £42,900 Vacant Vacant £0.00 12 5 2 83.86 m² 903 ft² No £750 £39,000 Vacant Vacant £43.19 Totals 865.9 m² 9,320 ft² £7,725 £401,700 £52.37
Method of Sale: A new Tenure: 150 year headlease EPC: A copy of the EPCs for 150 headlease, subject Viewings: Viewings are strictly the apartments are available to the existing tenancies, by apportionment only through from the selling agents. is offered for sale by the selling agents Savills and VAT: The Property has way of private treaty. James Andrew International not been elected for VAT
Nicholas Marks Freddie McAlpine Main: +44 (0)20 7224 4436 Main: +44 (0)20 7224 4436 DDI: +44 (0)20 7317 1582 DDI: +44 (0)20 7317 1581
Savills, James Andrew International and their clients give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, images and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills & James Andrew International have not tested any services, equipment or facilities. October 2017. CGP15509-CG11S. Photography & Brochure by CGP.CO 020 7222 7222
10 43-45 CROMWELL ROAD
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