Property photos
Auction
Leasehold
Guide price
£390,000
Retail premises for sale
305 Kings Road, Chelsea, London SW3Local area information
Property location
Nearby amenities
- Cameron House School 0.1 miles
- Park Walk Primary School 0.1 miles
- Cadogan Pier 0.4 miles
- South Kensington 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for World's End, Chelsea and St Lukes to find out more about the local area.
Features and description
- Leasehold
Guide Price = £390,000+
**For Sale By Public Auction 28th May 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Ground Floor Retail Unit Subject to a Lease Producing £55,000 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 20th June 1977 (thus approximately 51 years unexpired).
Location
The property is situated in the highly sought after area of Chelsea. The open spaces of Ranelagh Gardens are within easy reach. Transport links are provided by South Kensington underground station (Circle line) and West Brompton rail station.
Description
The property comprises a ground floor retail unit situated within a mid terrace building arranging over lower ground, ground and three upper floors.
Accommodation
Lower Ground Floor
Basement
Ground Floor
Retail Unit
N.I.A Approximately 88 sq m (943 sq ft)
Tenancy
The property is subject to an lease for a term of 10 years commencing 29th September 2020 at a rent of £55,000 per annum. We understand from the vendor that the erv for the shop is circa £75,000 per annum. Buyers should rely on their own enquiries.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
C
Open for Viewings During Normal Business Hours
**For Sale By Public Auction 28th May 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Ground Floor Retail Unit Subject to a Lease Producing £55,000 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 20th June 1977 (thus approximately 51 years unexpired).
Location
The property is situated in the highly sought after area of Chelsea. The open spaces of Ranelagh Gardens are within easy reach. Transport links are provided by South Kensington underground station (Circle line) and West Brompton rail station.
Description
The property comprises a ground floor retail unit situated within a mid terrace building arranging over lower ground, ground and three upper floors.
Accommodation
Lower Ground Floor
Basement
Ground Floor
Retail Unit
N.I.A Approximately 88 sq m (943 sq ft)
Tenancy
The property is subject to an lease for a term of 10 years commencing 29th September 2020 at a rent of £55,000 per annum. We understand from the vendor that the erv for the shop is circa £75,000 per annum. Buyers should rely on their own enquiries.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
C
Open for Viewings During Normal Business Hours
More information
Listed by
Auction House London
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