• A mews-style Business Centre with 9 individual units (plus 3 flats & solicitors office sold off on long leases).

• Popular Southwest London location, 2-minutes from Fulham Broadway Underground Station.

• The studios total GIA 4,795 sq. ft. across the ground floor and one upper floor.

• Gross income rent & service charge £290,748 (1)

• Asset Management & Development potential (2)

• VAT is NOT applicable

Property Description

The property consists of a mews-style Business Centre with 9 individual units, along with shared facilities including a boardroom, kitchen, showers, and WCs.
Additionally, the site includes 3 flats and an office, all of which have been sold off on long leases.
The Business Centre was developed in 2006, comprising 9 units all accessed via a private secure courtyard. The centre has been well maintained. For example: the roof for separate halves, has two 10 year guarantees from 2022 & 2024 (see legal pack).
The Centre benefits from CCTV, burglar alarm systems, daily cleaning, fibre optic feed CAT5e wiring, CPI2 certified boilers (see legal pack).

FLOOR AREA GIA (BUSINESS CENTRE ONLY)
Ground Floor - 404.60 sq m (4,355 sq ft)
First Floor (Studio 2 only) - 40.9 sq m (440 sq ft)
Total: 445.50 sqm (4,795 sq. ft.)

TENURE
Freehold

(1) TENANCY
9 licenses let at £246,048 per annum. Plus, contributions to the service charge of £44,700.
Gross Income - £290,748
Tenanted (see tenancy schedule).

(1) TOTAL RENT (excluding service charge payments)
£246,048 per annum exclusive.

(1) SERVICE CHARGE
The tenants & long leaseholders pay minimum service charge payments totalling £3,723 pcm (£44,676 pa). Interested parties are referred to the legal pack.

VAT
VAT is NOT applicable.

EPC RATING
(see legal pack)

PLANNING (2)
The property may benefit from redevelopment subject to all necessary consents. A proposed scheme for a mixed-use development of 6 residential units & 4,736 sq. ft. commercial workspace was prepared by the vendor. Initial discussions in 2016 with the local planning officers were positive. Further details in the legal pack.
Interested parties are referred to the London Borough of Hammersmith & Fulham (www.lbhf.gov.uk).

JOINT AUCTIONEER
Shaun Wolfe / Co-Founder & Director
Frost Meadowcroft
Tel: 0208 748 1200
M: 07900 911 135
[email protected]

Location

Chelsea Gate Studios is located at 115-119 Harwood Road, Fulham, London SW6 4QL. The property is positioned at the junction of Harwood Road and New Kings Road, with the main office studios set in a mews between Harwood Road and Waterford Road. Public transport links include Fulham Broadway Underground Station (District Line), Hammersmith Station (District, Piccadilly, Circle, and Hammersmith & City Lines), and Imperial Wharf Overground Station, which connects to Clapham Junction and National Rail services. Fulham is served by the A4 to the north and by the A217 (Wandsworth Bridge Road) and A219 (Putney Bridge) to the south, which provide access to the A3. Fulham Broadway, a two-minute walk away, offers shops, banks, restaurants, a cinema, and a health club. Nearby Kings Road and Wandsworth Bridge Road provide additional amenities, including independent retailers and dining options.

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.