Vacant Freehold Office for Sale with Residential Development Potential

14-15 Childs Place, Earls Court, SW5 Unique Self-Contained Office For Sale with Residential Potential (Subject to gaining all necessary consents)

• Positioned at the end of a quiet cul-de-sac located off Earls Court Road (A3220)

• Located 2 minutes’ walk from Earl’s Court Underground

Station and 0.5 miles from West Brompton Overground Station

• Constructed in 1994 and previously used as an

Embassy • Offered with full Vacant Possession

• Includes two car parking spaces

• Total office accommodation 6,382 sq ft (592.9 sq m) net

internal area and 8,147 sq ft (757 sq m) gross internal area

• Earl’s Court Road is an established retail pitch and

houses a number of local and national occupiers

• Development potential to extend or convert to residential use (subject to necessary consents)

• NOT elected for VAT

• TERMS UPON APPLICATION

Executive Summary

59-63 Clapham High Street, London, SW4 7TG 59-63 Clapham High Street, London, SW4 7TG

Aerial perspective east N.B. For indicative purposes only

LOCATION

The property is situated in Earls Court, within the Borough of Kensington and Chelsea.

Earls Court is an affluent West London area, situated 3 miles west of Victoria. The area was once synonymous with The Earls Court Exhibition Centre, which was the largest conference and event venue in London. Earls Court is now recognised as being the location for the 77-acre Earls Court development scheme that will be partially located on the site of the old exhibition centre. The transformational scheme will provide 7,500 new homes, 7.5 acres of green space and new local amenities such as a new primary school, a healthcare centre and cultural space. The redevelopment will also include a large amount of commercial investment including office, retail and some restaurant and café facilities. The building occupies a prominent corner position in a picturesque cul-de-sac located off Earls Court Road. Earls Court Road is already a well-established retail parade with occupiers including The Co-Operative Food, Zizzi, Ryman Stationers, Lloyds Bank, Holland & Barrett and Wagamama.

COMMUNICATIONS

Public transport links are excellent with West Brompton Overground station located 0.5 miles from the property and Earl’s Court Underground Station (District and Piccadilly lines) a two minute walk down Earls Court Road.There are also numerous bus services that run along Earls Court Road. Earl’s Court Road (A3220) is a busy local high street that joins with the A4 just north of the subject property. The A4 followed east provides access to the West End and the City,and access to the M25 and Heathrow to the west.

DESCRIPTION

The property occupies a prominent corner site and is arranged over basement, ground and two upper floors with a further mezzanine level on the top floor.

The property was most recently occupied by the Iraqi Embassy and as a result the floors are currently divided by demountable partitioning into a mix of open plan and cellular office spaces. Current specification includes comfort cooling and raised floors.

DEVELOPMENT POTENTIAL The building lends itself to a residential conversion subject to gaining all of the necessary consents or alternatively a refurbishment of the existing offices. The property is not located within an employment zone and we have been informed that the retention of office use does not appear to be protected. Base Architects have carried out an initial feasibility study which provides 8 residential units arranged over lower ground, ground and three upper floors totalling a Gross Internal Area of 795 sq.m (8,557 sq.ft).

PLANNING We have been informed by the local planning authority that the property is not listed however it is situated within the Earl’s Court Village conservation area. The Planning Authority designates the building as office accommodation.

INDICATIVE FLOOR AREAS

Floor Net Internal Area Gross Internal Area

sq ft sq m sq ft sq m

Mezzanine 654 60.8 831 77.3

Second 926 86.0 1,242 115.4

First 1,763 163.8 2,012 186.9

Ground 1,663 154.5 2,046 190.1

Lower Ground

1,376 127.8 2,016 187.3

Total 6,382 593 8,147 757 NB floor areas provided by the Vendor

TENURE

Freehold

VAT

VAT is not applicable on the purchase of the property

EPC

EPC rating TBC

PRICE

Available on application

CONTACT Commercial West End Team: Nick Pemberton – DL +44 (0)20 7543 6775 nick.pemberton@allsop.co.uk Harry Theakston – DL +44 (0)20 7543 6842 harry.theakston@allsop.co.uk Aoife Broderick – DL +44 (0)20 7543 6737 aoife.broderick@allsop.co.uk Residential Development Team: William Shoebotham – DL +44 (0)20 7344 2659 william.shoebotham@allsop.co.uk

that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representative of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP

INDICATIVE FLOOR PLANS

INDICATIVE FLOOR PLANS

INDICATIVE FLOOR PLANS

Misrepresentation 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, give notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representative of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP.