31-33 Beethoven Street, London, W10 4LJ
9,876 Sq Ft / Industrial / General Industrial
For Sale
- £2,975,000.00
Available - Last updated: 18 April 2024
Summary
PRICE ADJUSTMENT.
These two interconnected buildings have been in the same family ownership since 1947. The family's business also occupied the buildings until recently when some of the space was let on licenses to artists and makers. The buildings cover almost the entirety of the site and would benefit from a comprehensive refurbishment or redevelopment to suit a buyers needs.
Key Points
In the same family ownership since 1947Off street parkingUnique development opportunity for business space or live/work (STPP)Short walk from Queens Park station, Salusbury Road and Chamberlayne RoadOriginally two separate buildings, now intercommunicatingCurrently arranged as artist studios, offices and storage space
Licenses
There are currently four occupiers on licenses which can be terminated with 4 weeks Notice on either side. The license fee includes utilities and business rates. Total gross income from License Fees £85,000 per annum. An additional £50,000 per annum is paid by Kaloric Heataer Co Ltd, a company owned by the vendor.
Location
Beethoven Street is a quiet road of mixed uses including other commercial buildings, leisure uses and residential. Yoga Loft and Rollover Studios are located in the same parade. The property is an 8 minute walk from Queens Park Station and the bars, restaurants, cafes and shops of Salusbury Road.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£2,975,000.00
| NA |
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