96 & 98 CHISWICK HIGH ROAD FREEHOLD FOR SALE GUIDE PRICE 1,500,000. Chiswick W4 1SH. Three floor, mid-terrace commercial property 6,565 sq ft GIA

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1 96 & 98 CHISWICK HIGH ROAD Chiswick W4 1SH FREEHOLD FOR SALE GUIDE PRICE 1,500,000 Three floor, mid-terrace commercial property 6,565 sq ft GIA

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3 LOCATION: The property is prominently situated on Chiswick High Road (A315) between Upham Park Road and Ennismore Avenue close to the junction with Chiswick Lane. There are excellent shopping and restaurant facilities nearby. Turnham Green (Zones 2 & 3) Underground station (District line) is a short 7 minute walk, as is Stamford Brook Underground station (District Line). The A4/M4 that gives access to the West End, Heathrow Airport and the M25 is less than 1 mile away. 3

4 Indicative plan not to scale DESCRIPTION: were originally Victorian mid-terrace shops and upper parts, subsequently knocked together and now occupied by Rambert Dance Company as their offices and dance rehearsal rooms. The property is a three floor mid-terrace property with an extended ground floor. [Various access points have been built within the former party walls between both 96 and 98 and 94, a property that is leased.] The main entrance to Rambert s premises is through 94 Chiswick High Road. The ground floor black painted timber and glazed shop fronts to 96 and 98 are used as display areas with their entrance doors relegated to access for deliveries. Behind these displays is the wardrobe design space in 98 and circulation space, WC s and the staircase to the 1 st floor in 96. The front elevation has been rebuilt in red brick but the side elevation (facing east) is London stock brick. There are four sash windows within white stone lintels and mullions in the upper front elevation. At ground floor level, 96 & 98 have been extended, probably in the 1970 s or 1980 s to create a rear dance studio. The studio is within a single storey structure but with a high ceiling of 4.71m. The roof has roof lights between stone tiles that give the room natural light and the ceiling soffit is a metal system that has rotating blade fans mounted on it. There are also some perimeter hung electrical fans and extractors in the studio but no central heating here. Behind this studio, within a single storey structure that extends from the original properties is a carpentry workshop for set design. Double doors in the west-facing side elevation lead to a right of way behind the neighbouring property. Within the 1 st and 2 nd floor upper parts, stud partitions divide the space into a smaller dance studio on the 1 st floor and offices and a kitchen and WC s on the 2 nd floor. The offices have timber floors that are carpeted and have fluorescent strip lighting and domestic-style perimeter sockets. There is a 2 nd staircase in the western corner of the original part of 98 Chiswick High Road. 4

5 ACCOMMODATION: FLOOR DESCRIPITON SIZE per sq ft SIZE per sq m Ground Floor Office, studio and workshop 3,348 sq ft sq m 1 st Floor Studio and office 1,325 sq ft sq m 2 nd floor Offices and kitchen 1,163 sq ft sq m Total net internal area 5,836 sq ft sq m Total gross internal area 6,565 sq ft sq m 5

6 Indicative plan not to scale EXISTING PLANS: GEA GIA GROUND FLOOR FIRST FLOOR SECOND FLOOR 6

7 Indicative floor plan of potential mixed, commercial and residential scheme, not to scale PLANNING & DEVELOPMENT POTENTIAL Residential Retail/Office Circulation Outdoor space DEVELOPMENT OPTION A: Conversion of the ground floor to a retail unit with residential upper parts and a rear 2 floor house. Rambert Dance Company have conducted some architectural and planning diligence and as a result of this the site is considered suitable for a change of use and development based on options A & B. GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR (mansard profile) 7

8 Indicative floor plan of potential mixed, commercial and residential scheme, not to scale PLANNING & DEVELOPMENT POTENTIAL DEVELOPMENT OPTION B: Conversion of the ground floor to a larger retail unit than option A and a 4 floor residential upper part rather than a house at the rear. Prospective purchasers should rely on their own enquiries in respect of these two options as planning consent has not been submitted, neither has there been a pre-application meeting. Residential Retail/Office Circulation Outdoor space GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR (mansard profile) FOURTH FLOOR 8

9 Rambert Dancer Julia Gillespie Photo by Eric Richmond COMMERCIAL & RESIDENTIAL MARKET: Office take up in west London has seen a positive start with the volume in Q being the largest since Q Rents in Hammersmith and Chiswick have seen good growth in the last 2 years with recently increased tenant demand for the west London office market. In particular, Chiswick Park rents have increased significantly with this year s 220,000 sq ft pre-let of Building 6 to Aker Solutions. This is one of the largest lettings in London and has boosted confidence generally in the Chiswick area. According to the Land Registry s House Price Index, London has been the best performing residential property market over the last year with prices up by 6.3% in the year to June Residential agents in Chiswick continue to report the under supply of good quality residential property in Chiswick. VIEWING & FURTHER INFORMATION: FREEHOLD SALE Offers are invited on an unconditional basis. Guide price 1.5 million. Vacant possession will be granted in Autumn Rambert Dance Company will lease back to the purchaser in the interim. The adjoining property, 94 Chiswick High Road, is also available by lease assignment from Rambert Dance Company Contact Justin Clack jclack@frostmeadowcroft.com Island Studios 22 St Peters Square Hammersmith London W6 9NW Misrepresentation Act 1967: These particulars are believed to be correct but their accuracy is not guaranteed and they do not form part of any contract. Unless otherwise stated, all prices and rents are quoted exclusive of VAT 9