Parking Space 47, York House Car Park, York House Place, KENSINGTON, London, W8 4EY

Description

A designated single parking space situated on the lower ground floor of a secure, gated underground car park beneath the prestigious York House development. The space is larger than the minimum standard dimensions and occupies a premier corner position allowing for ease of access and manoeuvrability. The car park benefits from key fob controlled entry and access via the secure grounds of York House, which provides 24-hour security. Accommodation: Lower Ground Floor: Designated Parking Space No. 47 Lease: Held on a long lease for a term of 125 years from 24 June 2005 (Thus having approximately 104 years remaining) at aground rent of £50 per annum. Service Charge: Approximately £ 1,560 per annum – refer to legal pack. To view: Strictly by arrangement with the auctioneer.

Location

The property is situated within the secure underground car park serving York House, accessed from York House Place, just off Kensington Church Street and approximately 40 metres north of Kensington High Street. The property is located in the heart of Kensington between its junctions with Kensington High Street and Notting Hill Gate. Public transport links include High Street Kensington Underground Station (Circle and District Lines) together with a network of local bus services serving the surrounding vicinity. Road links include the A4 Cromwell Road and A3220 Warwick Road. Shopping amenities can be found locally within Kensington High Street, with an extensive range of shops, bars and restaurants being found throughout Kensington, Knightsbridge and the West End. Recreational pursuits can be found locally at the open spaces of Kensington Gardens and Hyde Park.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £50 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆