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Draycott Avenue, Chelsea, SW3 - Offers In Excess Of £3,500,000

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Bed icon  4   Bath icon  3   receptions icon  1

Images for Draycott Avenue, Chelsea, SW3 EAID:31fe799b04e63fa4bce598e9c6f14f52 BID:1
Images for Draycott Avenue, Chelsea, SW3 EAID:31fe799b04e63fa4bce598e9c6f14f52 BID:1
Images for Draycott Avenue, Chelsea, SW3 EAID:31fe799b04e63fa4bce598e9c6f14f52 BID:1
Images for Draycott Avenue, Chelsea, SW3 EAID:31fe799b04e63fa4bce598e9c6f14f52 BID:1
Images for Draycott Avenue, Chelsea, SW3 EAID:31fe799b04e63fa4bce598e9c6f14f52 BID:1
Images for Draycott Avenue, Chelsea, SW3 EAID:31fe799b04e63fa4bce598e9c6f14f52 BID:1

Description

A mixed use freehold building in a prime Chelsea location, with Planning Permission in place to improve the building.

FULL DESCRIPTION The property is located on the north side of Draycott Avenue, forming part of the terrace between Ives Street and Donne Place, opposite the luxury KX Gym. The property is situated within the Royal Borough of Kensington and Chelsea, a densely populated and affluent area.

- Retail accommodation over ground and part first floor, with residential accommodation over first, second and third floors.
- Separate access to the residential uppers from Draycott Avenue.
- An attractive feature of the property is the second floor roof terrace.

COMMERCIAL ELEMENT
The retail premises provide an open plan retail sales space at ground level and WC to the rear. The part first floor ancillary space is accessed via an internal rear staircase and comprises a kitchenette and second WC.
The Freeholder has obtained planning permission - 'alterations to existing shop front window including enlargement of shop front window and removal of stall riser.' (PP/19/07941) Nearby occupiers include Chanel, Bamford, Joseph, Linda Farrow, Eres, MSGM, Forte Forte, Fusalp, Golden Goose, ME+EM, Daphne's and DePadova.

RESIDENTIAL ELEMENT
The upper parts consist of a 3 bedroom split level apartment and of particular note is the wonderful conservatory leading out onto a large roof terrace. Planning Permission is in place (PP/20/02073) to divide the residential unit to create two apartments, both offering two bedrooms with en-suite bathrooms.

Current rental income £3,250 p/m.


For further details on this property please call 020 7581 2216

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