Description.
129-137 Kensington High Street & 2 Wright’s Lane is a
highly attractive and prominent corner block, comprising five prime retail
units, a long established first floor dentist suite and 20 flats let on a
mixture of ASTs and regulated tenancies.
The retail units benefit from a
frontage of circa 90ft (27m) onto Kensington High Street and occupy a 100%
prime pitch, also benefiting from a prominent return frontage onto Wright's
Lane. Two of the five units trade over both ground and basement levels; the remaining
three trade from ground floor level only. All are well configured and fitted
out to individual tenant specifications.
The residential element and dentist
suite are arranged over first to fourth floors and are accessed from
designated, self contained access' on Wright's Lane. The residential
accommodation includes a combination of studios, one and two bed self-contained
flats which are let on a mix of assured shorthold tenancies and regulated
tenancies. The flats which are let on assured shorthold tenancies have
generally been well maintained and are in good lettable condition.
The Landlord
undertook a comprehensive refurbishment of the external facade in 2022
investing more than £800,000. Further details are available on request.