306 Earls Court Road - Savills
MIXED USE INVESTMENT OPPORTUNITY 306 EARLS COURT ROAD, LONDON SW5 9BA
2
1
to
10
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA 21 5
CR
27
A MH
N GD
S
LB
27
8 28
3
Trees
AM
1
MH
2
8.0m
1
R GA DE 23
L'S
292
NS
EAR
e Th ns nsio
Ma
3a
18
T UR CO
219
AD RO 19
5
302 4 30
39
15
0 31
43
45 2 31
10
16 2 32
6 32
246
244
1 9
59
LB
240
E
to
to
238
30
12
1 to Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2016. 8 dy ns 24 Not to Scale - For Identification Purposes Only. rd B sio Wa 8.2m an
C AD Boro RO TCBs
LOCATION AND SITUATION
DESCRIPTION
6 to 13
B
9
D OL
9
2 10
24
Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250
Earls Court Road itself runs north to south connecting Cromwell Road to Brompton Road. The street is characterised by a mix of retail and residential property and includes the major transport interchange of Earls Court Station (Travel Zone 1: Circle & District and Piccadilly). Green Park Oxford Circus Paddington Mainline Railway Heathrow International Airport
9 mins 15 mins 9 mins 37 mins
Transport connections are excellent with Earls Court Underground Station situated 0.2 miles north of the subject property and West Brompton Overground Station situated 0.3 meters to the south west. There are also various accessible bus routes within the vicinity that connect the property to wider London.
The property is a mid terraced, freehold building comprising four residential apartments and one commercial unit.
3 17
0m 10m 20m 30m The property is located in Earls Court, within the Royal Borough of Kensington and Chelsea.
to
8.1m
4 15
CR
23
37 ns to sio 26 an2 e M25 Th
T MP RO
3
ON
233
t& ons
dM
15
on 24 to hm 13 Ric
7 23
AR
37
th We
l
35
ns sio an yM erb 13
242
QU
s
9 23
TS
ion ns
11
1
UR
Ma
E TH
S EW YM RB
23
CO
rbe He
rt ou rt C
WE
9
s ion ns Ma rby 48 the to We 26 a to
6
6
8
1
24
22
1 to
on
40
8.1m
2 to
tati
4
8
eS Hir cle Cy
11
• Opportunity to add value through refurbishment
S EW LM EL RN FA
1 to
• Located in Earls Court within Travel Zone 1 approximately 500 meters from Earls Court Underground Station (District, Circle and Piccadilly Lines)
7
• Overall Gross Internal Area (including common parts) extending to 406.5 sq m (4,376 sq ft)
22
• Total gross rental income of £131,200 per annum (including ERV for vacant apartment) with an Estimated Rental Value of £132,400 per annum
4
• Four self contained apartments (2 x studios, 1 x one bed & 1 x three bed, extending to 174.6 sq m/ 1,879 sq ft) let on ASTS producing an income of £62,400 per annum
El Sub Sta
TCB
12
2
22
• Commercial unit (extending to 209.5 sq m / 2,255 sq ft) currently let to Couscous Darma Ltd for a term of 20 years commencing on 24th October 2013 at a rent of £55,000 per annum
14
A freehold, mixed use investment opportunity situated in Earls Court, Central London comprising:
M
A BR
INVESTMENT SUMMARY
ns nsio Ma
4
e Th
A BR
17
8
28
The residential accommodation comprises two x studios, one x one bed and one x three bed arranged over first to third floors. Three of the apartments are let on ASTs and produce a rental income of £62,400 per annum. The remaining apartment, Flat 3 will be provided with vacant possession. Each of the apartments are in lettable condition providing popular rental accommodation. However, the flats would benefit from modernisation in due course. In addition, there is potential to extend into the roof space (subject to necessary consents)
The retail unit is arranged over the ground and lower ground floors. The unit is let to Monsieur K Ltd on a 20 year FRI lease, commencing on 24th October 2013, excluded from the security of the Landlord and Tenant Act 1954. The passing rent is £55,000 per annum, subject to 5 yearly rent reviews to the open market rent agreed. The lease has since been assigned to Couscous Darma Ltd, who have fitted the unit out to a high specification.
3
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA
EARLS COURT REGENERATION The Earls Court Masterplan is arguably one of the most exciting regeneration projects in the capital. A concept devised by Sir Terry Farrell expands across 77 acres of Earls Court and proposes the transformation of the area into four new urban villages and a high street. The site is being developed by property company Capital & Counties Properties PLC, and includes 7,500 new homes, ranging from mansion blocks to family houses, loft-style flats and affordable housing. Construction has already begun on the first phase but the entire Masterplan is a long term project. A regeneration site of this scale is genuinely unique in central London. As development continues and connectivity is improved, particularly from east to west over the railway line, the latent value of the housing stock in locations surrounding the development will be progressively unlocked by rising demand from increasingly affluent buyers and tenants. Current and pipeline development schemes shown below:
Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2016. Not to Scale - For Identification Purposes Only.
Lillie Square • Developer: Capco • Units: 608 private units
• Capital Value Ranges: - Studio–£515K–£535K - 1 Bed–£595K – £900K - 2 Bed–£940K–£1.4M - 3 Bed–£1.03M–£1.86M
The Landau
Ariana Apartments
• Developer: Mount Anvil
• Capital Value Ranges:
• IPE Developments
• Capital Value Ranges:
• Units: 107 total, 89 private units
- 1 Bed–£915K–£1.365M
• Units: 20 private units
- 1 Bed–£600K–£700K
- 2 Bed–£1.19M–£1.565M - 3 Bed–£2.35M–£2.45M
Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:4237
- 2 Bed – £765K – £960K - 3 Bed – £985K–£1.125M
4
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA
MARKET OVERVIEW Earl’s Court remains one of the most promising markets in close proximity to central London. As buyers in southern Chelsea are out priced, demand filters to central fringe locations. Furthermore, buyers are attracted by the prospect of acquiring more space for their budget whilst enjoying a central location with outstanding transport connections. The area has the housing stock to become a more established prime location and the catalyst for change will come from substantial regeneration and new investment into the area. Many of the hotels are now being restored back to their residential use and the biggest change will come from the redevelopment around the former Earls Court exhibition centre.
ESTIMATED RENTAL VALUE AND RUNNING YIELD Investors are particularly attracted to this part of London as there is a mature private rented sector. According to the 2011 Census, 25.1% of households in London are in the private rented sector and in Earl’s Court the proportion is significantly higher at 41.6% of all households. Demand for rental properties in the area comes from tenants in both the prime and mainstream markets. The prime rental market benefits from strong employment and the increasing number of international companies in London. Savills figures show that across prime London, 47% of tenants are renting due to employment relocation and 60% of tenants are from overseas.
Rental Forecasts
2016
2017
2018
2019
2020
5 year
UK Residential London Residential London Retail
3.0% 4.0% 2.0%
3.0% 4.0% 2.0%
3.0% 4.0% 2.0%
3.0% 4.5% 2.0%
3.5% 4.5% 2.0%
16.5% 22.8% 10.4%
Commercial ERV Residential ERV
£55,000 £77,400
£55,000 £57,222 £80,496 £83,716
£57,222 £87,483
£57,222 £91,420
£57,222 £95,047
Total ERV Gross Yield
£132,400 £135,496 £140,938 4.4% 4.5% 4.7%
£144,705 4.8%
£148,642 5.0%
£152,269 5.1%
5
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA
FLOORPLANS - APPROXIMATE GROSS INTERNAL AREA: 406.5 SQ M / 4,376 SQ FT
Lower Ground
Ground Floor Lift
4.42 x 4.30m 14'6 x 14'1
4.42 x 4.30m 14'6 x 14'1
Lift
Lift
4.42 x 4.30m 14'6 x 14'1
Lift
Lift
4.42 x 4.30m 14'6 x 14'1
5.33 x 3.20m 17'6 x 10'6
Lift
LiftLift
5.33 x 3.20m 17'6 x 10'6
Lift
9.42 x 5.28m 30'11 x 17'4
9.42 x 5.28m 30'11 x 17'4
Lift
Approximate Approximate Gross Internal Gross Approximate Area InternalGross Area Approximate Internal Area GrossApproximate Internal AreaGross Internal Area
Vent
Kitchen 5.33 x 3.20m 17'6 x 10'6
Vent
Kitchen
Vent
Kitchen
Bedroom Bedroom Kitchen 3.22 x 3.03m 3.22 x 3.03m 10'7 x 9'11 10'7 x 9'11
Bedroom Kitchen 3.22 x 3.03m 10'7 x 9'11
Bedroom 3.22 x 3.03m 10'7 x 9'11
Kitchen 4.84 x 3.14m 15'11 x 10'4
Flat 3
9.42 x 5.28m 9.42 x 5.28m 30'11 x 17'4 30'11 x 17'4
Third Floor
406.50 sq 406.50 m / sq 4,376 406.50 m /sq4,376 ftsq m 406.50 sq/ ft4,376 sq m sq406.50 /ft4,376sq sqmft / 4,376 sq ft
Vent
14.09 x 4.32m 14.09 x 4.32m 46'3 x 14'2 46'3 x 14'2
Second Floor
Earls Court Earls Road, Court Earls SW5 Road, Court SW5 Earls Road, Court SW5Road, Earls SW5 Court Road, SW5
4.42 x 4.30m 14'6 x 14'1
Vent
5.33 x 3.20m 5.33 x 3.20m 17'6 x 10'6 17'6 x 10'6
First Floor
Flat 3
Flat 3
Flat 1
Flat 4
Studio 5.40 x 4.17m 17'9 x 13'8
Flat 4
Studio 5.40 x 4.17m 17'9 x 13'8
Flat 4
Flat 1
Flat 2 Bedroom Bedroom 3.38 x 3.19m 3.38 x 3.19m Kitchen/ Kitchen/ 11'1 x 10'6 11'1 x 10'6 Reception Room Reception Room Studio 4.66 x 3.38m 4.66 x 3.38m 4.74 x 3.38m 15'3 x 11'1 15'3 x 11'1 15'7 x 11'1
Flat 1
Flat 4
Reception Room Reception Room Studio 5.39 x 4.23m 5.39Studio x 4.23m 5.40 x17'8 4.17m x 13'11 5.40 17'8 x 4.17m 13'11 17'9 x 13'8 17'9 x 13'8
Kitchen 4.84 x 3.14m 15'11 x 10'4
Flat3 2 Flat
Kitchen/ Kitchen/ Reception Room Reception Room Studio Studio 14.09 x 4.32m 4.66 x 3.38m 4.66 x 3.38m 4.74 x 3.38m 4.74 x 3.38m 46'3 x 14'2 15'3 x 11'1 15'3 x 11'1 15'7 x 11'1 15'7 x 11'1
Studio 14.09 x 4.32m Studio 14.09 x 4.32m 4.74 x 3.38m 4.74 x 3.38m 46'3 x 14'2 46'3 x 14'2 15'7 x 11'1 15'7 x 11'1
9.42 x 5.28m 30'11 x 17'4
Flat 2 Flat 3 Flat 2
Kitchen 4.84 x 3.14m 15'11 x 10'4
Bedroom 3.22 x 3.03m 10'7 x 9'11
Flat 1
Kitchen 4.84 x 3.14m 15'11 x 10'4
Flat 2
Bedroom 3.38 x 3.19m Kitchen/ 11'1 x 10'6 Reception Room 4.66 x 3.38m 15'3 x 11'1
Kitchen 4.84 x 3.14m 15'11 x 10'4
Bedroom 3.38 x 3.19m 11'1 x 10'6
Bedroom 3.38 x 3.19m 11'1 x 10'6
Bedroom 4.24 x 3.41m Bedroom 13'11 x 4.23 11'2 x 2.11m
Bedroom 4.24 x 3.41m 13'11 x 11'2
Flat 1
Flat 4
Bedroom RoomBedroom ReceptionBedroom Reception Room Reception Room Studio 4.245.39 5.39 x 4.23m x 4.23m 4.23m x 3.41m 4.24Bedroom x 3.41m 5.39 x4.24 xBedroom 3.41m Bedroom Bedroom 5.40 x 4.17m 17'8 x 13'11 17'8 x 13'11 17'8 x 13'11 13'11 x 11'2 13'11 x 11'2 13'11 4.23 x 2.11m 4.23 x 2.11m 4.23 x 2.11m 4.23x x11'2 2.11m 17'9 x 13'8 13'11 x 6'11 13'11 x 6'11 13'11 x 6'11 13'11 x 6'11
13'11 x 6'11
ILLUSTRATIONILLUSTRATION FOR IDENTIFICATION FOR ILLUSTRATION IDENTIFICATION PURPOSES FOR ONLY ILLUSTRATION PURPOSES IDENTIFICATION ONLY FOR PURPOSES IDENTIFICATION ILLUSTRATION ONLY PURPOSES FOR IDENTIFICATION ONLY PURPOSES ONLY ALL MEASUREMENTS ALL MEASUREMENTS ARE MAXIMUM, ALL MEASUREMENTS ARE AND MAXIMUM, INCLUDEALL AND WINDOW ARE MEASUREMENTS INCLUDE MAXIMUM, BAYSWINDOW AND AND WARDROBES ARE ALL INCLUDE BAYS MAXIMUM, MEASUREMENTS AND WINDOW WHERE WARDROBES AND INCLUDE BAYS APPLICABLE ARE AND WHERE MAXIMUM, WINDOW WARDROBES APPLICABLE AND BAYSINCLUDE WHERE AND WARDROBES APPLICABLE WINDOW BAYS WHERE ANDAPPLICABLE WARDROBES WHERE APPLICABLE THIS PLAN MUST THIS NOT PLAN BE MUST REPRODUCED NOT THIS BE PLAN REPRODUCED BYMUST ANY OTHER NOT THIS BE BY PLAN PERSON REPRODUCED ANYMUST OTHER WITHOUT NOT PERSON BY BE THIS PERMISSION ANY REPRODUCED PLAN WITHOUT OTHER MUST PERSON PERMISSION BY NOT ANY BE WITHOUT OTHER REPRODUCED PERSON PERMISSION BY WITHOUT ANY OTHER PERMISSION PERSON WITHOUT PERMISSION
Floorplans provided by Fulham Performance
6
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA
ACCOMMODATION SCHEDULE Sq ft
Passing Rent PCM
Passing Rent PA
Restaurant 209.5
2,255
£4,583
£55,000 24/10/13
23/10/33
First
Studio
25.0
269
£1,083
£13,000
21/10/15
20/10/16
First
Studio
28.1
302
£1,150
£13,800
N/A
N/A
Flat 2
Second
1
28.8
310
£1,192
£14,300
05/10/15
04/10/16
Flat 1
Second & third
3
92.7
998
£2,925
£35,100
29/09/15
24/09/16
406.5
4,376
£10,933
£131,200
Unit
Floor
Type
Retail
Ground and lower ground
Flat 4 Flat 3
TOTAL (including common parts)
Sq m
Lease Lease End Start Date Date
* Rents as of April 2016 **Flat 3 is the ERV
TENURE
VIEWINGS
The property is held Freehold
Viewings are strictly by appointment via the vendor’s sole selling agents, Savills. Please contact one of the agents below to make an appointment.
METHOD OF SALE The property is offered for sale freehold by private treaty. Offers are sought for the freehold interest subject to contract and the existing tenancies.
CONTACTS Davina Clowes James Watkins + 44 (0) 20 7016 3838 + 44 (0) 20 7409 8056 [email protected] [email protected]
VAT The property is not elected for VAT.
FURTHER INFORMATION A full suite of background information, including EPCs, can be found on the online dataroom at: www.savills.com/306Earlscourtroad
Important Notice Savills, 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, photographs 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 that Savills and Knight Frank have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | April 2016
2
1
to
10
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA 21 5
CR
27
A MH
N GD
S
LB
27
8 28
3
Trees
AM
1
MH
2
8.0m
1
R GA DE 23
L'S
292
NS
EAR
e Th ns nsio
Ma
3a
18
T UR CO
219
AD RO 19
5
302 4 30
39
15
0 31
43
45 2 31
10
16 2 32
6 32
246
244
1 9
59
LB
240
E
to
to
238
30
12
1 to Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2016. 8 dy ns 24 Not to Scale - For Identification Purposes Only. rd B sio Wa 8.2m an
C AD Boro RO TCBs
LOCATION AND SITUATION
DESCRIPTION
6 to 13
B
9
D OL
9
2 10
24
Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250
Earls Court Road itself runs north to south connecting Cromwell Road to Brompton Road. The street is characterised by a mix of retail and residential property and includes the major transport interchange of Earls Court Station (Travel Zone 1: Circle & District and Piccadilly). Green Park Oxford Circus Paddington Mainline Railway Heathrow International Airport
9 mins 15 mins 9 mins 37 mins
Transport connections are excellent with Earls Court Underground Station situated 0.2 miles north of the subject property and West Brompton Overground Station situated 0.3 meters to the south west. There are also various accessible bus routes within the vicinity that connect the property to wider London.
The property is a mid terraced, freehold building comprising four residential apartments and one commercial unit.
3 17
0m 10m 20m 30m The property is located in Earls Court, within the Royal Borough of Kensington and Chelsea.
to
8.1m
4 15
CR
23
37 ns to sio 26 an2 e M25 Th
T MP RO
3
ON
233
t& ons
dM
15
on 24 to hm 13 Ric
7 23
AR
37
th We
l
35
ns sio an yM erb 13
242
QU
s
9 23
TS
ion ns
11
1
UR
Ma
E TH
S EW YM RB
23
CO
rbe He
rt ou rt C
WE
9
s ion ns Ma rby 48 the to We 26 a to
6
6
8
1
24
22
1 to
on
40
8.1m
2 to
tati
4
8
eS Hir cle Cy
11
• Opportunity to add value through refurbishment
S EW LM EL RN FA
1 to
• Located in Earls Court within Travel Zone 1 approximately 500 meters from Earls Court Underground Station (District, Circle and Piccadilly Lines)
7
• Overall Gross Internal Area (including common parts) extending to 406.5 sq m (4,376 sq ft)
22
• Total gross rental income of £131,200 per annum (including ERV for vacant apartment) with an Estimated Rental Value of £132,400 per annum
4
• Four self contained apartments (2 x studios, 1 x one bed & 1 x three bed, extending to 174.6 sq m/ 1,879 sq ft) let on ASTS producing an income of £62,400 per annum
El Sub Sta
TCB
12
2
22
• Commercial unit (extending to 209.5 sq m / 2,255 sq ft) currently let to Couscous Darma Ltd for a term of 20 years commencing on 24th October 2013 at a rent of £55,000 per annum
14
A freehold, mixed use investment opportunity situated in Earls Court, Central London comprising:
M
A BR
INVESTMENT SUMMARY
ns nsio Ma
4
e Th
A BR
17
8
28
The residential accommodation comprises two x studios, one x one bed and one x three bed arranged over first to third floors. Three of the apartments are let on ASTs and produce a rental income of £62,400 per annum. The remaining apartment, Flat 3 will be provided with vacant possession. Each of the apartments are in lettable condition providing popular rental accommodation. However, the flats would benefit from modernisation in due course. In addition, there is potential to extend into the roof space (subject to necessary consents)
The retail unit is arranged over the ground and lower ground floors. The unit is let to Monsieur K Ltd on a 20 year FRI lease, commencing on 24th October 2013, excluded from the security of the Landlord and Tenant Act 1954. The passing rent is £55,000 per annum, subject to 5 yearly rent reviews to the open market rent agreed. The lease has since been assigned to Couscous Darma Ltd, who have fitted the unit out to a high specification.
3
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA
EARLS COURT REGENERATION The Earls Court Masterplan is arguably one of the most exciting regeneration projects in the capital. A concept devised by Sir Terry Farrell expands across 77 acres of Earls Court and proposes the transformation of the area into four new urban villages and a high street. The site is being developed by property company Capital & Counties Properties PLC, and includes 7,500 new homes, ranging from mansion blocks to family houses, loft-style flats and affordable housing. Construction has already begun on the first phase but the entire Masterplan is a long term project. A regeneration site of this scale is genuinely unique in central London. As development continues and connectivity is improved, particularly from east to west over the railway line, the latent value of the housing stock in locations surrounding the development will be progressively unlocked by rising demand from increasingly affluent buyers and tenants. Current and pipeline development schemes shown below:
Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2016. Not to Scale - For Identification Purposes Only.
Lillie Square • Developer: Capco • Units: 608 private units
• Capital Value Ranges: - Studio–£515K–£535K - 1 Bed–£595K – £900K - 2 Bed–£940K–£1.4M - 3 Bed–£1.03M–£1.86M
The Landau
Ariana Apartments
• Developer: Mount Anvil
• Capital Value Ranges:
• IPE Developments
• Capital Value Ranges:
• Units: 107 total, 89 private units
- 1 Bed–£915K–£1.365M
• Units: 20 private units
- 1 Bed–£600K–£700K
- 2 Bed–£1.19M–£1.565M - 3 Bed–£2.35M–£2.45M
Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:4237
- 2 Bed – £765K – £960K - 3 Bed – £985K–£1.125M
4
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA
MARKET OVERVIEW Earl’s Court remains one of the most promising markets in close proximity to central London. As buyers in southern Chelsea are out priced, demand filters to central fringe locations. Furthermore, buyers are attracted by the prospect of acquiring more space for their budget whilst enjoying a central location with outstanding transport connections. The area has the housing stock to become a more established prime location and the catalyst for change will come from substantial regeneration and new investment into the area. Many of the hotels are now being restored back to their residential use and the biggest change will come from the redevelopment around the former Earls Court exhibition centre.
ESTIMATED RENTAL VALUE AND RUNNING YIELD Investors are particularly attracted to this part of London as there is a mature private rented sector. According to the 2011 Census, 25.1% of households in London are in the private rented sector and in Earl’s Court the proportion is significantly higher at 41.6% of all households. Demand for rental properties in the area comes from tenants in both the prime and mainstream markets. The prime rental market benefits from strong employment and the increasing number of international companies in London. Savills figures show that across prime London, 47% of tenants are renting due to employment relocation and 60% of tenants are from overseas.
Rental Forecasts
2016
2017
2018
2019
2020
5 year
UK Residential London Residential London Retail
3.0% 4.0% 2.0%
3.0% 4.0% 2.0%
3.0% 4.0% 2.0%
3.0% 4.5% 2.0%
3.5% 4.5% 2.0%
16.5% 22.8% 10.4%
Commercial ERV Residential ERV
£55,000 £77,400
£55,000 £57,222 £80,496 £83,716
£57,222 £87,483
£57,222 £91,420
£57,222 £95,047
Total ERV Gross Yield
£132,400 £135,496 £140,938 4.4% 4.5% 4.7%
£144,705 4.8%
£148,642 5.0%
£152,269 5.1%
5
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA
FLOORPLANS - APPROXIMATE GROSS INTERNAL AREA: 406.5 SQ M / 4,376 SQ FT
Lower Ground
Ground Floor Lift
4.42 x 4.30m 14'6 x 14'1
4.42 x 4.30m 14'6 x 14'1
Lift
Lift
4.42 x 4.30m 14'6 x 14'1
Lift
Lift
4.42 x 4.30m 14'6 x 14'1
5.33 x 3.20m 17'6 x 10'6
Lift
LiftLift
5.33 x 3.20m 17'6 x 10'6
Lift
9.42 x 5.28m 30'11 x 17'4
9.42 x 5.28m 30'11 x 17'4
Lift
Approximate Approximate Gross Internal Gross Approximate Area InternalGross Area Approximate Internal Area GrossApproximate Internal AreaGross Internal Area
Vent
Kitchen 5.33 x 3.20m 17'6 x 10'6
Vent
Kitchen
Vent
Kitchen
Bedroom Bedroom Kitchen 3.22 x 3.03m 3.22 x 3.03m 10'7 x 9'11 10'7 x 9'11
Bedroom Kitchen 3.22 x 3.03m 10'7 x 9'11
Bedroom 3.22 x 3.03m 10'7 x 9'11
Kitchen 4.84 x 3.14m 15'11 x 10'4
Flat 3
9.42 x 5.28m 9.42 x 5.28m 30'11 x 17'4 30'11 x 17'4
Third Floor
406.50 sq 406.50 m / sq 4,376 406.50 m /sq4,376 ftsq m 406.50 sq/ ft4,376 sq m sq406.50 /ft4,376sq sqmft / 4,376 sq ft
Vent
14.09 x 4.32m 14.09 x 4.32m 46'3 x 14'2 46'3 x 14'2
Second Floor
Earls Court Earls Road, Court Earls SW5 Road, Court SW5 Earls Road, Court SW5Road, Earls SW5 Court Road, SW5
4.42 x 4.30m 14'6 x 14'1
Vent
5.33 x 3.20m 5.33 x 3.20m 17'6 x 10'6 17'6 x 10'6
First Floor
Flat 3
Flat 3
Flat 1
Flat 4
Studio 5.40 x 4.17m 17'9 x 13'8
Flat 4
Studio 5.40 x 4.17m 17'9 x 13'8
Flat 4
Flat 1
Flat 2 Bedroom Bedroom 3.38 x 3.19m 3.38 x 3.19m Kitchen/ Kitchen/ 11'1 x 10'6 11'1 x 10'6 Reception Room Reception Room Studio 4.66 x 3.38m 4.66 x 3.38m 4.74 x 3.38m 15'3 x 11'1 15'3 x 11'1 15'7 x 11'1
Flat 1
Flat 4
Reception Room Reception Room Studio 5.39 x 4.23m 5.39Studio x 4.23m 5.40 x17'8 4.17m x 13'11 5.40 17'8 x 4.17m 13'11 17'9 x 13'8 17'9 x 13'8
Kitchen 4.84 x 3.14m 15'11 x 10'4
Flat3 2 Flat
Kitchen/ Kitchen/ Reception Room Reception Room Studio Studio 14.09 x 4.32m 4.66 x 3.38m 4.66 x 3.38m 4.74 x 3.38m 4.74 x 3.38m 46'3 x 14'2 15'3 x 11'1 15'3 x 11'1 15'7 x 11'1 15'7 x 11'1
Studio 14.09 x 4.32m Studio 14.09 x 4.32m 4.74 x 3.38m 4.74 x 3.38m 46'3 x 14'2 46'3 x 14'2 15'7 x 11'1 15'7 x 11'1
9.42 x 5.28m 30'11 x 17'4
Flat 2 Flat 3 Flat 2
Kitchen 4.84 x 3.14m 15'11 x 10'4
Bedroom 3.22 x 3.03m 10'7 x 9'11
Flat 1
Kitchen 4.84 x 3.14m 15'11 x 10'4
Flat 2
Bedroom 3.38 x 3.19m Kitchen/ 11'1 x 10'6 Reception Room 4.66 x 3.38m 15'3 x 11'1
Kitchen 4.84 x 3.14m 15'11 x 10'4
Bedroom 3.38 x 3.19m 11'1 x 10'6
Bedroom 3.38 x 3.19m 11'1 x 10'6
Bedroom 4.24 x 3.41m Bedroom 13'11 x 4.23 11'2 x 2.11m
Bedroom 4.24 x 3.41m 13'11 x 11'2
Flat 1
Flat 4
Bedroom RoomBedroom ReceptionBedroom Reception Room Reception Room Studio 4.245.39 5.39 x 4.23m x 4.23m 4.23m x 3.41m 4.24Bedroom x 3.41m 5.39 x4.24 xBedroom 3.41m Bedroom Bedroom 5.40 x 4.17m 17'8 x 13'11 17'8 x 13'11 17'8 x 13'11 13'11 x 11'2 13'11 x 11'2 13'11 4.23 x 2.11m 4.23 x 2.11m 4.23 x 2.11m 4.23x x11'2 2.11m 17'9 x 13'8 13'11 x 6'11 13'11 x 6'11 13'11 x 6'11 13'11 x 6'11
13'11 x 6'11
ILLUSTRATIONILLUSTRATION FOR IDENTIFICATION FOR ILLUSTRATION IDENTIFICATION PURPOSES FOR ONLY ILLUSTRATION PURPOSES IDENTIFICATION ONLY FOR PURPOSES IDENTIFICATION ILLUSTRATION ONLY PURPOSES FOR IDENTIFICATION ONLY PURPOSES ONLY ALL MEASUREMENTS ALL MEASUREMENTS ARE MAXIMUM, ALL MEASUREMENTS ARE AND MAXIMUM, INCLUDEALL AND WINDOW ARE MEASUREMENTS INCLUDE MAXIMUM, BAYSWINDOW AND AND WARDROBES ARE ALL INCLUDE BAYS MAXIMUM, MEASUREMENTS AND WINDOW WHERE WARDROBES AND INCLUDE BAYS APPLICABLE ARE AND WHERE MAXIMUM, WINDOW WARDROBES APPLICABLE AND BAYSINCLUDE WHERE AND WARDROBES APPLICABLE WINDOW BAYS WHERE ANDAPPLICABLE WARDROBES WHERE APPLICABLE THIS PLAN MUST THIS NOT PLAN BE MUST REPRODUCED NOT THIS BE PLAN REPRODUCED BYMUST ANY OTHER NOT THIS BE BY PLAN PERSON REPRODUCED ANYMUST OTHER WITHOUT NOT PERSON BY BE THIS PERMISSION ANY REPRODUCED PLAN WITHOUT OTHER MUST PERSON PERMISSION BY NOT ANY BE WITHOUT OTHER REPRODUCED PERSON PERMISSION BY WITHOUT ANY OTHER PERMISSION PERSON WITHOUT PERMISSION
Floorplans provided by Fulham Performance
6
MIXED USE INVESTMENT OPPORTUNITY | 306 EARLS COURT ROAD, LONDON SW5 9BA
ACCOMMODATION SCHEDULE Sq ft
Passing Rent PCM
Passing Rent PA
Restaurant 209.5
2,255
£4,583
£55,000 24/10/13
23/10/33
First
Studio
25.0
269
£1,083
£13,000
21/10/15
20/10/16
First
Studio
28.1
302
£1,150
£13,800
N/A
N/A
Flat 2
Second
1
28.8
310
£1,192
£14,300
05/10/15
04/10/16
Flat 1
Second & third
3
92.7
998
£2,925
£35,100
29/09/15
24/09/16
406.5
4,376
£10,933
£131,200
Unit
Floor
Type
Retail
Ground and lower ground
Flat 4 Flat 3
TOTAL (including common parts)
Sq m
Lease Lease End Start Date Date
* Rents as of April 2016 **Flat 3 is the ERV
TENURE
VIEWINGS
The property is held Freehold
Viewings are strictly by appointment via the vendor’s sole selling agents, Savills. Please contact one of the agents below to make an appointment.
METHOD OF SALE The property is offered for sale freehold by private treaty. Offers are sought for the freehold interest subject to contract and the existing tenancies.
CONTACTS Davina Clowes James Watkins + 44 (0) 20 7016 3838 + 44 (0) 20 7409 8056 [email protected] [email protected]
VAT The property is not elected for VAT.
FURTHER INFORMATION A full suite of background information, including EPCs, can be found on the online dataroom at: www.savills.com/306Earlscourtroad
Important Notice Savills, 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, photographs 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 that Savills and Knight Frank have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | April 2016
