Price: £1,000,000
Address: 8 Albert Studios And Garages 1-5, Petworth Street, Battersea SW11
Bedrooms :0
Bathrooms: 0
Property Type :Parking/garage

About The Property

Lot 82 – This lot is for sale by auction as lot 82 on Thursday 15th February 2018.

A Freehold Former Artist’s Studio providing Residential Accommodation and extending (gia) to Approximately 64.5 sq m (696 sq ft)

– Plus Freehold Block of Five Garages with Forecourt
– Artist’s Studio and Two Garages Vacant
– Three Garages subject to Two Leases expiring 2063
– Within the Battersea Park Conservation Area
– Current Rent Reserved from Garages 3,5 and 6: Two Shillings per annum

Studio and Two Garages Vacant
in the same family ownership since the early 1900s

Tenure
Freehold.

Location
Albert Studios are accessed on foot from Albert Bridge Road, to the north of Petworth Street. The garage block abuts the studio and is located on the north side of Petworth Street. Albert Bridge to the north offers immediate road access to Chelsea and King’s Road and local shops and restaurants are available on nearby Parkgate Road and Battersea Bridge Road. Rail services run from Battersea Park and Queenstown Road Stations and numerous bus routes serve the area. The open spaces of Battersea Park are within a short walk. The entire site is just within the Battersea Park Conservation Area.

Description
Albert Studios comprise a secluded terrace of artists’ studios served by a pedestrian pathway which is approached from Albert Bridge Road. Number 8 is the southernmost studio and the last one remaining in the ownership of the original family who developed the site in the early 1900s. The property has been modernised and converted to provide residential accommodation, being largely open planned internally with a mezzanine level offering a sleeping area and bathroom en-suite. The ground floor living space has a partially open planned kitchen area off.A five garage block abuts part of the flank wall of the studio building to the south. The garages are approached from Petworth Street by a generous forecourt which provides off-street parking. There may be potential for development of the garage site, subject to obtaining all necessary consents.

Accommodation
8 Albert Studios – Entrance Lobby, Separate Cloakroom off with WC and wash basin, Through to Fitted Kitchen open planned to Studio/Reception Area, with steep staircase to Mezzanine Bedroom with Bathroom area off providing roll top bath and wash basin Garages 1-5, Petworth Street – Five Garages with deep forecourt (note Garage 1 is narrow)

Leases
Garages 3,5 and 6 are subject to leases as follows: Garage 3 – Single lease. 99 years from 1st July 1964 at a rent of one shilling per annum. Garages 5 and 6 – Single lease for 99 years from 1st July 1964 at a rent of one shilling per annum.Reversions 45.5 years. The Studio and Garages 1 and 2 are offered with Vacant Possession.

To View
Please contact the Joint Auctioneers:John D. Wood (Ref: Alex Oppenheim).Tel: Email: Oppenheim@johndwood.Co.Uk

Joint Auctioneer
John D. Wood (Ref: Alex Oppenheim).Tel: Email: Aoppenheim@johndwood.Co.Uk

Seller’s Solicitor
Charlesworth Nicholl (Ref: Marius Nel).Tel: Email: Mnx@charlesworthnicholl.Co.Uk

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted ‘subject to contract’. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price – as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as ‘tba’, it means that there is no guide price at present – please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

floorplan

Agent Details
Allsop LLP

Allsop LLP
33 Wigmore Street, West End, London
020 3641 1750

 

You can see the original listing here : 8 Albert Studios And Garages 1-5, Petworth Street, Battersea SW11

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