Property unavailable This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings. Show similar properties Please note we do not have names or contact details of anyone currently occupying this building we are also unable to provide details of the agents that posted the original advert with us. If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com If you would like to know if this, or any similar property comes back or on to the market please click here to get updates by email. Street view 1 Springvale Terrace, West Kensington, London, W14 0AE 4,401 Sq Ft / Other Withdrawn - Last updated: 11 June 2025 SummaryThis is an outstanding two-storey Freehold that currently provides ‘best in class’ educational space to one of the country’s leading providers of pre-school day-care. The property has been rigorously maintained over recent years and now enjoys the benefits of a secure gated environment in a discreet location with a substantial two-storey building arranged across Ground and First Floors that open up to provide several bright, free-flowing spaces with washrooms, kitchen areas and extensive storage. The gated courtyard to the front elevation provides off-street parking for up to 6 vehicles and to the rear is a large, well-appointed playground area.Key PointsLet to MDPN Limited.Current Passing Rent of £87,500 per annum.New 20 year Lease Agreed at £100,680 per annum.Fully self-contained Freehold.Off-street parking.Extensive external amenity spaces.Attractive Capital Value at just £340 p/sq/ft.LocationThe property is located in a cul-de-sac to the southern end of Springvale Terrace, close to the junction with Masbro Road, W14. Local transport links are excellent, with Kensington Olympia Underground station (District Line) a short walk away and numerous bus routes are also within close proximity. The property enjoys a PTAL Rating of 3.TermsTENURE: Freehold. ACCOMODATION: The accommodation comprises the following:- Ground 2,390 sq.ft./222.1 sq.m. First Floor 2,011sq.ft./186.9 sq.m. Total 4,401 sq.ft./352.93sq.m. TENANCY: The current lease commenced on 1st September 2010 and expires on 31st August 2025 with a passing rent of £87,500 per annum. The new reversionary lease will commence from 1st September 2025 for term of 20 years on FRI basis, at that point the new headline rent will take effect at £100,680 per annum until 1st September 2030 and there is also a tenant only break at the 10th year of occupation. Please note the tenant in situ will have 3 months rent free from commencement of the reversionary lease, effectively the new rent of £100,680 will commence from 1st December 2025. VAT: It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT. MONEY LAUNDERING REGULATIONS: Money laundering regulations require Winkworth to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence. TERMS: We are instructed to invite offers with a guide price of £1,500,000 with a sale at this level reflecting a Gross Yield of 5.46%. Upon the commencement of the new lease term in September 2025 the performance of this investment will rise to 6.3%. VIEWINGS: Strictly through the sole agents, Winkworth Commercial and made by prior appointment. Under no circumstances should any direct approach be made to any of the occupational tenants staff. Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist