• Car Parking Space within Secure Underground Car Park

• Close to Gloucester Road & High Street Kensington Underground Stations

• A4 (Cromwell Rd) 550 metres to the south & 220 metres south of Kensington Road

• 600 metres to The Royal Albert Hall & 0.5 miles to The Natural History Museum

• Vacant

• To be offered for sale via Knight Frank Auctions on Thursday 17th September (will not be sold prior)

Property Description

Parking Space 13
• Entrance Height - 1.66m
• Length - 5m
• Entrance Width - 2.25

Access to the Car Park is via Palace Gate with a vehicle height restriction of 2 metres

TENURE
Leasehold. Held for a term of 125 years from 24th June 1993 (thus having approximately 92 years unexpired) at Ground Rent of £80 per annum (doubling every 25 years)

TENANCY
Vacant

EPC
Rating – Not Applicable

VIEWINGS – By Appointment Only
Tuesday 1st September: 10:00am - 10:30am
Friday 11th September: 12:00pm - 12:30pm
Monday 14th September: 10:00am - 10:30am
Please contact [email protected]

Location

The Parking Space is accessed from Palace Gate (east side) just to the north of its junction with Kensington Gate. Palace Gate connects A4 (Cromwell Rd) 550 metres to the south with Kensington Road / Hyde Park 220 metres to the north. There are a number of shops 50 metres to the south on Gloucester Road Underground (Tube) Stations - Gloucester Road (Circle, District & Piccadilly Lines) 600 metres to the south - High Street Kensington (Circle & District Lines) 800 metres to the west - South Kensington (Circle District & Piccadilly Lines) 0.8 miles to the southwest

Occupancy

Vacant

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.