The retail unit (A1) is in excellent condition and arranged over ground and basement levels. The subject property is one of the largest on Bute street and retains a prominent pitch.
Location
The subject property is positioned in a sort after area, close to Old Brompton Road and South Kensington underground station. South Kensington is an affluent area with high footfall, including tourists. Nearby occupiers include, Hummingbird Bakery, Oddono’s, Ceru, South Kensington Club and Kinleigh Folkhard and Hayward residential office.
Accommodation
The property is arranged over ground and basement and benefits from the following approximate (NIA) floor areas:
Ground Floor - 501 sq ft (46.61 sq m)
Basement - 557 sq ft (51.7 sq m)
Terms
Terms - Subject to Contract
Tenure - Offers in the regions of £XXX Million
Anti-Money Laundering Regulations 2017 - Due to Government legislation we are legally obliged to undertake Anti-Money Laundering checks on prospective purchasers on transactions which involve a capital value of 15,000 euros or more. We are also required to request proof of funds. Further Information available on request.
Rates - The rateable value as of April 2017 is £XXX We understand that the business rates will be in the region of £XXX per annum, however we strongly suggest contacting Kensington & Chelsea for more information.
Legal Costs - Each party will be responsible for paying their own legal costs.
VAT - TBC