Kings Road, London, UK, SW6
for sale in Fulham Town
- Bedrooms
x 0 - Receptions
x 0 - Bathrooms
x 0 - Outdoor Area
No - Parking
No
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Property Details
597 King's Road is a substantial and superbly presented period building (259 sq m/2,790 sq ft approx.) currently arranged as retail showroom space (Class A1) across ground, basement , first, second and third floor levels with a large private roof terrace to the rear.
597 King's Road is a substantial and superbly presented period building (259 sq m/2,790 sq ft approx.) currently arranged as retail showroom space (Class A1) across ground, basement , first, second and third floor levels with a large private roof terrace to the rear. The building now presents itself as a dynamic asset management opportunity with planning for residential use to the upper floors and the scope to create a strong, income generating mixed use asset in the highly regarded and sought-after Chelsea Design Quarter. This Freehold presents a rare and attractive asset management opportunity with scope for the conversion of the upper floors into a self-contained 2 bedroom residential unit as well as further potential to extend, subject to the necessary consents. Once this new residential space has been fully demised, an adjoining retailer has put forward an offer to rent the remaining commercial space at a rate of £50,000 per annum for a 10-year lease term with a 5 year inflation linked rent review and an rent free period of 6 months from the date of the agreement. The building currently represents attractive capital value at just £627 p/sq/ft.
The building enjoys an enviable location on the Fulham/Chelsea borders along one of the most desirable and respected parades in the area, surrounded by established retailers in the world of art, furniture and antiquities. This globally acknowledged location along with such significant asset management opportunities presents itself as an excellent long term opportunity for income and potential capital growth.
We have not made any detailed planning enquiries but understand that the property is not listed and sits within a conservation area. The property was granted planning permission on 22nd June 2015 for the change of use of first, second and third floor levels from retail (Class A1) into a two bedroom residential flat (Class C3); installation of a new window and installation of a new residential entrance to ground floor level (Ref:2015/00520/FUL) providing further scope for enhanced capital value.