Location: <br />The property is located in a cul-de-sac on the southern end of Springvale Terrace close to the junction with Masbro Road. Local transport links are excellent, with Kensington Olympia underground station (District line) a short walk away and numerous bus routes pass nearby the premises. <br /> <br />Description: <br />The property comprises a self-contained building arranged over ground & first floors accessed through a gated courtyard with six car parking spaces in front of the building and a large rear play area. <br /> <br />User: <br />Class E of the Town & Country Planning (Use Class) (Amendment) Order 2005. <br /> <br />EPC: <br /> The Energy performance certificate has rating of B(48) . A copy of the EPC is available upon request. <br /> <br />VAT: <br />The property has not been elected for VAT purposes. Lega Each party to bear its own legal costs. <br /> <br />Accommodation Schedule: <br />The property offers the following (NIA) approximate dimensions. <br />FloorNet Internal AreaGround1942 sq. ft.- 180.50 sq. m.First 1414 sq. ft. – 131.30 sq. m.Total3356 sq. ft. – 311.80 sq. m.Rear Play Area905 sq. ft. – 84.07 sq. m.Front Play Area1,045 sq. ft. – 97.07 sq. m. <br />Tenancy Schedule: <br />Tenant Start Date End DateRent Passing Monkey Puzzle 01/09/201031/08/2025£87,500 <br />Lease: <br />The current lease commenced 1st September 2010 and expires on 31st August 2025 with a passing rent of £87,500 per annum. The reversionary lease shall provide an additional term of 20 years at market rent, further details are available on request. <br /> <br />Tenure: <br />Freehold with existing occupational lease under title number BGL6413. <br /> <br />Terms: <br />Offers are invited in the region of £1,500,000 (One Million Seven Hundred and Fifty Thousand Pounds). A Sale at this level will equate to an initial yields of 5.49% when allowing for purchaser cost of 5.84%. The reversionary yield shall be a 5.97% in September 2025. <br /> <br />AML: <br />In accordance with Anti-Money Laundering Regulations, we shall require additional information from the purchaser/tenants so that an online verification can be undertaken. <br /> <br />