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

COMMUNICATIONS


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


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


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


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


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


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