84-86 Kensington High Street
Kensington
London
W8 4SG

Freehold Retail and Office Investment with Asset Management Opportunities and Planning to Convert Upper Floors to Residential

  • Two shops with three floors of offices above, separately accessed from Kensington Church Court and from Kensington High Street
  • Planning permission granted in November 2020 to convert second/third floors from offices to residential (2 x 1 bed and 2 x 2 bed flats) and to extend offices at first floor
  • Various asset management opportunities including change of use & extension of upper floors, lease renewal negotiations, and possible amalgamation of the two shops (subject to leases and consents)
  • Highly prestigious Central London location approximately 100 metres from High Street Kensington Underground and close to The Ivy Brasserie, Ole & Steen as well as Marks & Spencer, H&M, Zara, Uniqlo and Whole Foods Market
  • Lot
    9
  • Auction
    21/Jul/2021
  • Rent
    £228,420 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 84-86 Kensington High Street, Kensington, London, W8 4SG
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  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
0.2 miles from Kensington Gardens and Kensington Palace
Rail
High Street Kensington Underground
(Circle & District Lines, 100m)
Air
London Heathrow
Situation

Kensington is a highly affluent and well-known district in the Royal Borough of Kensington and Chelsea. The property is located in the heart of the commercial centre of Kensington, on the north side of Kensington High Street, close to its junction with Kensington Church Street, Kensington Gardens and Hyde Park, and approximately 100m east of High Street Kensington Underground Station (Circle & District Lines). Nearby occupiers on Kensington High Street include The Ivy, Ole & Steen, Hobbs, H&M, Marks & Spencer and Whole Foods Market.

Tenure

Freehold.

Description

The property comprises two shops arranged on the ground floor and basement with separately accessed offices above on the first, second and third floors accessed from Kensington Church Walk, a charming mainly residential street between Kensington High Street and Holland Street. The upper parts of No. 84 are currently accessed from Kensington High Street.

VAT

VAT is not applicable to this lot.

Planning

Planning Permission was granted on 24/11/2020 for change of use of the second and third floors to residential (2 x 1 bed and 2 x 2 bed flats), as well as rear extensions and alterations to the first floor offices. Ref: PP/20/04500 on the Royal Borough of Kensington and Chelsea planning portal at www.rbkc.gov.uk.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

 FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
84Ground
Basement
Retail
Ancillary
49.50 sq m
22.90 sq m
(533 sq ft)
(246 sq ft)
OM ERIN LIMITED
t/a Bromptons
Opticians
10 years from
18/08/2010 until
17/08/2020 (1)
£85,000 
 First
Second
Office
Office
38.37 sq m
36.42 sq m
(413 sq ft)
(392 sq ft)
VACANT-- 
 ThirdOffice
34.47 sq m
(371 sq ft)
MOSS PROPERTY
LETTINGS LIMITED
10 years from
14/12/2012 until
13/12/2022
£14,00012/12/2022
86Ground
Basement
Retail
Ancillary
62.80 sq m
26.00 sq m
(676 sq ft)
(280 sq ft)
SUCKERS LIMITED
t/a Ranoush Juice
10 years from
13/04/2013 until
12/04/2023
£105,00013/03/2023
 FirstOffice
25.92 sq m
(279 sq ft)
VACANT-- 
 Second
Third
Office
Office
29.54 sq m
30.84 sq m
(318 sq ft)
(332 sq ft)
MARVEN LIMITED6 months from
01/06/2021 until
30/11/2021 (2) (held
on two co-terminus
licences)
£24,420 (2) 
Total
356.76 sq m
(3,840 sq ft)(3)  228,420 

(1) The tenant has served a S26 notice notice for a new lease at £70,000 pa. Please see legal pack.
(2) Annual Equivalent Rent.
(3) The approximate floor areas stated above are existing floor areas. The planning permission granted in November 2020 will allow for the first floor of 84/86 to be extended to approximately 1,292 sq ft; the second floor of 84/86 to approximately 1,198 sq ft and the third floor of 84/86 to approximately 1,223 sq ft. There is potential to combine the two shops by removing the staircase at 84 Kensington High Street, resulting in a larger ground floor/basement area.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.07.21
    File Size
    56 MB
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  • Catalogue Page
    Updated Date
    01.07.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    01.07.21
    File Size
    883 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
Clyde & Co LLP St Botolph Building, 138 Houndsditch
London
EC3A 7AR
Laura Oliver 020 7876 4757laura.oliver@clydeco.com

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