4 BLENHEIM TERRACE ST JOHN’S WOOD, LONDON, NW8€¦ · Regent’s Park provide first class...
Transcript of 4 BLENHEIM TERRACE ST JOHN’S WOOD, LONDON, NW8€¦ · Regent’s Park provide first class...
ST JOHN’S WOOD RETAIL & RESIDENTIAL OPPORTUNITY
4 BLENHEIM TERRACEST JOHN’S WOOD, LONDON, NW8
4 BLENHEIM TERRACE, ST JOHN’S WOOD, LONDON NW8ST JOHN’S WOOD RETAIL & RESIDENTIAL OPPORTUNITY
INVESTMENT SUMMARY
Prominently located at the nor thern end of Blenheim Terrace close to its junction with Abbey Road
just 0.4 miles (0.6km) from St John’s Wood Underground Station.
Comprising an attractive , end of terrace , mixed-use retail and residential proper ty with off-street
parking for 2 vehicles.
Providing a gross internal area of approximately 176.97 sq m (1,905 sq ft).
Freehold.
Vacant possession.
This proper ty is not elected for VAT.
Offer s in excess of £2,000,000 (subject to contract) for the benefit of our client’s freehold interest
reflecting a capital value of only £1,050 per sq ft.
4 BLENHEIM TERRACE, ST JOHN’S WOOD, LONDON NW8
LOCATION
DESCRIPTION
ACCOMODATION
TENURE
TENANCY
VAT
PROPOSAL
LOCATION
Blenheim Terrace comprises a mix of residential and retail proper ties and
enjoys high pedestr ian footfall as a result of its proximity to the famous
Abbey Road Studios, Lords Cr icket Ground and the prestigious American
School of London.
Located in the City of Westminster, St John’s Wood is one of Central
London’s most prestigious and affluent suburbs. Situated on the nor th-west
side of Regent’s Park, St John’s Wood is bounded by Pr imrose Hil l to the
east and Maida Vale to the west.
The neighbourhood benefits from excellent local amenities with St John’s
Wood High Street playing host to a number of exclusive and international
retail boutiques including Comptoir Des Cotonnier s, Gerard Darel, Georges
Rech and The Kooples. The O2 Shopping Centre located approximately
1.3 miles (2 km) to the nor th on the Finchley Road provides additional
retail and leisure facil it ies with occupier s including Virgin Active , Vue
Cinemas, Sainsbur y’s and Habitat.
St John’s Wood has become increasingly cosmopolitan and continues to
be a highly desirable residential location. The American School on Waver ly
Place , Arnold House School on Loudon Road and London Business School in
Regent’s Park provide fir st class educational facil it ies and continue to attract
families and students to the area.
Recreational facil it ies are exceptional. The Regent’s Park, designed by John
Nash, covers 395 acres and includes Queen Mar y’s Gardens, the Open Air
Theatre and London Zoo whilst the neighbour ing Pr imrose Hil l affords
spectacular views across the City of London. In addition, Abbey Road Studios
and the zebra crossing where the Beatles shot their famous Abbey Road
album cover continues to be a musical mecca for those wishing to pay
tr ibute to the “Fab Four.” Lord’s, the home of cr icket and the Mar ylebone
County Cr icket Club is also close by.
4 BLENHEIM TERRACE, ST JOHN’S WOOD, LONDON NW8
4 BLENHEIM TERRACE
COMMUNICATIONS
4 BLENHEIM TERRACE, ST JOHN’S WOOD, LONDON NW8
Blenheim Terrace benefits from excellent transpor t l inks with St John’s Wood
Underground Station (Jubilee l ine) located approximately 0.4 miles (0.6 km)
to the south east providing access to Bond Street in 6 minutes. In addition,
Maida Vale and Kilburn Park Underground Stations (Baker loo Line) are within
a 10 minute walk. South Hampstead Station (London Overground) is located
approximately 0.5 miles (0.8 km) to the nor th and provides fast access to
London Euston in 9 minutes.
Several bus routes also operate along Abbey Road (B507) including 189
(Brent Cross to Oxford Circus) and 139 (West Hampstead to Water loo).
Road communications are also strong with the A41 located approximately
200m to the east providing access to the A406 Nor th Circular Road and the
M1 motorway (Junction 1) in just 15 minutes.
Swiss Cottage
Baker Street
Bond Street
Picadilly Circus
Leicester Square
Bank
Canary Wharf
2 minutes
3 minutes
6 minutes
12 minutes
18 minutes
21 minutes
24 minutes
SQ M SQ FTTime to London underground stations from St John’s Wood station:
Located on the nor thern side of Blenheim Terrace the proper ty is
arranged over basement, ground and three upper floors and provides
an attractive end of terrace mixed-use building.
Comprising a gross internal area of approximately 176.97 sq m
(1,905 sq ft) the proper ty accommodates 2 residential units and a retail
shop (Class A1) with the benefit of 2 surface car parking spaces.
The current owner has reconfigured the internal layout of the building
providing residential accommodation at lower ground floor level with
ancil lar y accommodation over the fir st f loor.
The retail element operates as a fashionable women’s boutique and
comprises a glazed single-fronted rectangular unit providing ground floor
sales with ancil lar y retail accommodation at fir st f loor level.
FLAT 2
4b Blenheim Terrace - A contemporar y lower ground floor apar tment accommodating
a double bedroom, open plan reception room and modern kitchen complete with integrated
appliances, wooden floors and a separate bathroom. The apar tment is accessed via a dedicated
pr ivate entrance .
FLAT 1
4a Blenheim Terrace - A modern two double bedroom duplex apar tment arranged over the
second and third floors. The apar tment affords a large open plan reception room and
contemporar y kitchen with integrated appliances and wooden floors. The master bedroom
benefits from an en-suite bathroom and the second double bedroom has an en-suite shower
room. Beautifully presented and boasting spacious accommodation throughout the apar tment
benefits from excellent natural l ight, sash windows, parquet floor and is accessed via a dedicated
pr ivate entrance .
Flat 1
Flat 2
DESCRIPTION
4 BLENHEIM TERRACE, ST JOHN’S WOOD, LONDON NW8
Flat 1
USEFLOOR USE AREA
Third Floor
Second Floor
First Floor
Ground Floor
Basement
Retail Ancillary
Retail
Residential
27.31
44.59
34.28
294
480
369
SQ M SQ FT
TOTAL 176.97 1,905
ACCOMMODATION
4 BLENHEIM TERRACE, ST JOHN’S WOOD, LONDON NW8
Approximate gross internal f loor areas are as follows:
EPCFlat 1 (4a Blenheim Terrace) has an Energy Efficiency Rating of 52 benchmarking
the proper ty in categor y E.
Flat 2 (4b Blenheim Terrace) has an Energy Efficiency Rating of 74 benchmarking
the proper ty in categor y C .
The commercial unit (Ground and 1st Floor) has an Energy Efficiency Rating of 176
benchmarking the proper ty in categor y G.
Copies of the energy performance cer tificates are available on request.
The proper ty also provides surface parking for 2 vehicles.
40.
39.5m
41.5m
37.9m
LB
LB
BlenheimPassage
Posts
RYDER'STERRACE
BLENHEIMPASSAGE
BLENHEIMTERRACE
OUGH PLACE
2 39
1 14
22
21
26
14
14 to23
1 to 12
51
42
38
12a
24
35
25
14 to 29
23
11
3
38a
41
Old Mano
40
1719
1to
124
1
15
40
4
7 3
41
1 to 12
15
12
20
35
30
EllisFranklin
22
37
26
22a
51
39
1
37
13
Marlborough
Abbey Court
28
27
14a
Beatrice House
PH
29
New London
42
Matlock
Court50
Court
Day Hospital
Synagogue
Hall
1to11
45
2740
27a
52
31
0m 10m 20m 30m
4 BLENHEIM TERRACELONDON NW8 0EB
Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250
70.79 762Residential
MARKET COMMENTARY
4 BLENHEIM TERRACE, ST JOHN’S WOOD, LONDON NW8
Strong demand for Central London residential proper ty has continued in
2014 and with interest rates at their lowest levels in histor y and favourable
lending conditions, market activity has continued to improve .
Rising demand and lack of good quality stock has resulted in average Greater
London house pr ices increasing by13.8% year-on-year and the average
proper ty pr ice in the Capital is now £414,356. In Februar y 2014, the City
of Westminster exper ienced the highest monthly pr ice increase (2.4%) with
capital values in the St John’s Wood sub-market exceeding £1,800 sq ft.
(Source: www.landregistr y.gov.uk Februar y 2014).
The St John’s Wood rental market remained buoyant in the fir st quar ter of
2014. Proper ties located in the vicinity of the underground station and local
schools remain highly valuable and sought after. The average weekly rent for a
1 bedroom apar tment is £425 and £820 for a 2 bedroom apar tment with
evidence to suppor t that this is growing fur ther.
50 metres
For more information on our products and services:www.experian.co.uk/goad | [email protected] | 0845 601 6011
Westminster - Blenheim Terrace
Experian Goad Plan Created: 03/04/2014
Copyright and confidentiality Experian, 2013. © Crown copyright and databaserights 2013 Ordnance Survey 100017316
TENURE
4 BLENHEIM TERRACE, ST JOHN’S WOOD, LONDON NW8
Freehold.
TENANCY
The proper ty wil l be sold with benefit of full vacant possession.
PLANNING
The proper ty is not l isted but l ies within the St John’s Wood conser vation area.
VAT
This proper ty is not elected for VAT.
PROPOSAL
Offers in excess of £2,000,000 (subject to contract) for the benefit of our client’s freehold interest reflecting a capital value of only £1,050 per sq ft.
FOR FURTHER INFORMATION OR TO ARRANGE AN INSPECTION PLEASE CONTACT:
Misrepresentat ion Act 1967
Condit ions under which par t icular s are issued: Michael E l l iott LLP & Bur l ington Par tner s for themselves and for the vendor of th is proper ty, whose agents they are g ive not ice that :
1 . These par t icular s do not const i tute , nor const i tute any par t of , an of fer or contract .2 . None of the statements conta ined in these par t icular s as to th is proper ty is to be rel ied on as a statement or representat ion of fact .3 . Any intending purchaser must sat is fy h imsel f by inspect ion or otherwise as to the cor rectness of each of the statements conta ined in these par t icular s .4 . The vendor does not make or g ive , and neither Michael E l l iott LLP or Bur l ington Par tner s nor any per son in their employment has any author ity to make or g ive , any representat ion or war ranty whatever in re lat ion to th is proper ty.
Proper ty Misdescr ipt ion Act 1991:
These deta i l s are bel ieved to be cor rect at the t ime of compi lat ion but may be subject to subsequent amendment .
Apr i l 2014
Nick SteeleDirect Line: 020 7529 5709
Email : nicksteele@michaelell iott.co.uk
Dominic RoweDirect Line: 020 7529 5706
Email : dominicrowe@michaelell iott.co.uk
www.michaelelliott.co.uk
George CollinsDirect Line: 020 7183 5225
Email : george@bur lingtonpar tners.com
David SilverDirect Line: 020 7183 5547
Email : david@bur lingtonpar tners.com
www.burlingtonpartners.com
FURTHER INFORMATION
4 BLENHEIM TERRACE, ST JOHN’S WOOD, LONDON NW8