9 Young Street Royal Borough of Kensington & Chelsea London W8 5EH

9 Young Street
Royal Borough of Kensington & Chelsea
London
W8 5EH

  • 9 Young Street<br>Royal Borough of Kensington & Chelsea<br>London<br>W8 5EH

Freehold Kensington Restaurant, Office and Residential Investment

  • Attractive Grade II Listed Freehold in Kensington
  • Comprises Restaurant, Office and 3 bed maisonette
  • Ground and Lower Ground Restaurant Let to Flat Iron Steak Ltd until 2038 (subject to option)
  • First Floor Office Let to No Filter Clinic London Ltd until 2032 (subject to option)
  • Three Double Bedroom Maisonette let on an AST
  • Highly Affluent and sought after London Suburb
  • Nearby occupiers include Whole Foods Market, Zara, Uniqlo, Joe & The Juice, NatWest, Jigsaw and Currys
  • Lot
    12
  • Auction
    21st September 2023
  • Rent
    £215,500 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
100 metres west of Hyde Park, 200 metres south of Kensington Palace, 700 metres east of Holland Park, 2.4 km. (1.5 miles) west of London's West End, 5 km (3.1 miles) west of The City of London
Roads
A3320, A4, A308, A5
Rail
High Street Kensington Underground Station (District and Circle Lines), Kensington Underground Station (District and Overground Lines)
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation

Kensington, in the Royal Borough of Kensington and Chelsea, is a highly affluent and sought after West London suburb. The locality is home to world famous London landmarks including the Royal Albert Hall, the Natural History, Science and Victoria & Albert Museums, Kensington Palace and Imperial College London.

The property is prominently located on Young Street close to its junction with the fashionable Kensington High Street. Nearby occupiers include Whole Foods Market, Zara, Uniqlo, Joe & The Juice, NatWest, Jigsaw and Currys.

Tenure

Freehold.

Location
Miles
100 metres west of Hyde Park, 200 metres south of Kensington Palace, 700 metres east of Holland Park, 2.4 km. (1.5 miles) west of London's West End, 5 km (3.1 miles) west of The City of London
Roads
A3320, A4, A308, A5
Rail
High Street Kensington Underground Station (District and Circle Lines), Kensington Underground Station (District and Overground Lines)
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation

Kensington, in the Royal Borough of Kensington and Chelsea, is a highly affluent and sought after West London suburb. The locality is home to world famous London landmarks including the Royal Albert Hall, the Natural History, Science and Victoria & Albert Museums, Kensington Palace and Imperial College London.

The property is prominently located on Young Street close to its junction with the fashionable Kensington High Street. Nearby occupiers include Whole Foods Market, Zara, Uniqlo, Joe & The Juice, NatWest, Jigsaw and Currys.

Tenure

Freehold.

Description

The property comprises an attractive Grade II Listed building, constructed in 1905 by Frank Chesterton, it provides recently refurbished restaurant accommodation on the ground and lower ground floors, separately accessed office accommodation on the first floor and a self contained three bedroom maisonette on the second and third floors.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises an attractive Grade II Listed building, constructed in 1905 by Frank Chesterton, it provides recently refurbished restaurant accommodation on the ground and lower ground floors, separately accessed office accommodation on the first floor and a self contained three bedroom maisonette on the second and third floors.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
Ground
Lower Ground
Restaurant
Ancillary
141.07
134.86
(1,508)
(1,452)
FLAT IRON STEAK LTD
(1)
15 years from 06/01/2023
until 05/01/2038
(2) (5)
£125,000
06/01/2028
06/01/2033
First Office
77.72
(837)
NO FILTER CLINIC
LONDON LTD
(3)
10 years from 30/06/2022
until 29/06/2032
(4) (5)
£42,500
30/06/2027
Second
Third
Residential
115.19
(1,242)
(6)
INDIVIDUAL AST from 10/07/2023
until 09/07/2024
£48,000
 
Total Approximate
Floor Area
 
468.84
(5,039)
   
£215,500
 

(1) For the year ending 28/08/2022 Flat Iron Steak Limited reported a Turnover of £23,457,099 a Pre-Tax Profit of £1,775,630 and a Net Worth of £490,485 (NorthRow 30/08/2023). Flat Iron is a popular steakhouse established in 2012 and operating from 13 locations within London (www.flatironsteak.co.uk).
(2) The lease provides for a tenant option to determine the lease on 06/01/2033.
(3) No filter Clinic London is an established beauty and aesthetic treatment clinic with an extensive range of treatments (www.nofilterclinic.com).
(4) The lease provides for a tenant option to determine the lease on 30/06/2027.
(5) The lease is subject to a Schedule of Condition.
(6) The residential floor areas stated above are Gross Internal Areas.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.09.23
    File Size
    39 MB
    Login to View
  • Brochure
    Updated Date
    21.11.23
    File Size
    3 MB
    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

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate AuctioneersMark Bruce-Lockhart 020 7580 1647 07770 637 163mb-l@philipslockhartstarr.co.uk
Seller's Solicitors
Collins Benson Goldhill LLP 26/28 Great Portland Street
London
London
W1W 8QT
Sammi Hsu 020 7436 5151sh@cbglaw.co.uk  Matthew Webb 020 7436 5151mrw@cbglaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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