Description

An interesting and unusual opportunity to acquire this detached freehold office building which has potential to convert into a two bedroom residential home under permitted development rights. Well located in this residential road just to the south of Chiswick High Road and close to both Gunnersbury tube station and Chiswick Park tube station the property currently offers accommodation over two floors to comprise vaulted office (sitting room) fitted kitchen, cloakroom, with first floor office (be Continued...

Letting fees

Permitted Charges in accordance with the Tenant Fee Act 2019 for assured shorthold tenancy:

First month's rent - In advance
Tenancy Deposit - 5 weeks rent for rents under £50k pa or 6 weeks rent for rents over £50k pa
Holding Deposit - Maximum one week's rent
Early termination if requested by the tenant - A charge not exceeding the financial loss experienced by the landlord
Late Rent - Interest charged at 3% above Bank of England base rate, when rent is more than 14 days late
Lost key or security device - Equivalent to cost incurred
Changing the tenancy documents (after the commencement of the tenancy) including change of sharer if requested by the tenant - £50 inc. VAT

non-housing act tenancy fees (not affected by the Tenant Fee Act 2019)
A Non-Housing Act Tenancy is formed when one of the following criteria is in place:
The annual rent exceeds £100,000.
The property is occupied by an entity (Company let) rather that an individual.
The property is not used as a main or primary home.
There is a Resident Landlord

Tenancy Agreement and Setup Administration - £240 inc VAT (based on two tenants)
Additional tenant/guarantor/permitted occupier reference fees - £60 inc VAT
Check-in or Check-out Fee - Price variable depending on the number of bedrooms and/or size of property (landlord pays for one, tenant pays for the other) - Between £105-184 inc VAT
Renewal fees (tenant's share) - £96 inc VAT
Variation of contract fees including change of sharer if requested by the tenant - £180 inc VAT per request
Early Termination - A charge not exceeding the financial loss experienced by the landlord
Late payment of rent - Interest will be charged at 3% above the Bank of England base rate

For your protection we are members of a Client Protection Scheme:
Scheme Reference Number C0003552
Association of Residential Letting Agents (ARLA Propertymark)
Arbon House
6 Tournament Court
Edgehill Drive
Warwick
CV34 6LG

We will always investigate any complaint raised to us. You can email if you need to escalate anything that you are not happy with and we shall guide you through our internal complaints procedure.
We are also a member of a redress scheme:
Membership number D0173
The Property Ombudsman
Milford House
43-55 Milford Street
Salisbury
Wiltshire
SP1 2BP

Where we hold a Tenancy Deposit we register it with the TDS which stands for Tenancy Deposit Scheme. Their address is:
Tenancy Deposit Scheme (TDS), po Box 1255, Hemel Hempstead, Herts, HP1 9GN

Property features

  • Development opportunity under permitted development
  • Detached office building in residential road
  • Central Chiswick location
  • Two storey
  • Freehold
  • No chain
Travel time to work:

  • Gunnersbury - 0.46km, 7 mins walk
    • District
    • Overground
  • Chiswick Park - 0.59km, 9 mins walk
    • District
  • Chiswick - 0.97km, 15 mins walk
    • National Rail

Rental Yield

Average rental value

£178pw

Average weekly rent of nearby studios.

Annual rental yield

1.4%

Gross yield if rented for the average rent.

Sale price

We don't have average sale prices for studios in this area. Sorry!

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

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Marketed by

Andrew Nunn & Associates
The Clock House, 66 South Parade, Chiswick, W4 5LG

020 8033 5817

Contact agent