Accommodation comprises:
Reception room; Large double bedroom; Kitchen with dining area; Bathroom with separate shower cubicle; Lift; Caretaker.
NB with the necessary consents the property could easily be converted to create a 2 bedroom apartment.
Tenure: Share of freehold
Agent's note:
The residents of the building have recently acquired the freehold and as part of this process, they will shortly be issuing themselves with a new 999 year lease. The property will therefore be sold with a share of the freehold and a new 999 year lease stc.
It should also be noted that the recently acquired freehold included an apartment in the building (currently subject to a protected tenancy) - the apartment (with the tenant in situ) has been independently valued at circa £750k stc. To this end a premium of £45k has been proposed by our client, in consideration of their share of ownership of the apartment (1/13th).
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Service charge:£1143.71 payable quarterly
Reserve fund: £608.07 payable quarterly (as of August 2024 the reserve funds totals circa £251k)
Council tax: £1,606 per year (Band E)
Local authority: The Royal Borough of Kensington and Chelsea
Price: Guide price £1,075,000 subject to contract
