The Crescent
FOR SALE BY KROLL ADVISORY LTD ACTING AS LPA RECEIVERS

Gunnersbury Mews, Chiswick W4 4BF

Residential Portfolio in West London with AssetManagement and Significant Break Up Potential

Investment Summary

Chiswick is an extremely affluent suburb in West London within the London Borough ofHounslow. Median household income in Chiswick is 25% higher than the London average.
The Crescent is a secure gated residential development superbly located just south of Chiswick
High Road.
Chiswick High Road is a vibrant High Street which is the central retail and leisure destination inthe area - nearby occupiers include Gail’s, Waitrose and M&S.
The development is just a 2-minute walk from Gunnersbury Station (Zone 3) which benefits
from National Rail services and London Underground services via the District Line.
The Crescent comprises a high quality development of 9 townhouses which were constructed
in 2016. 3 houses have been sold and 6 are available as a portfolio sale.

Page TWO

The available site comprises 4 x 5-bedroom and 2 x 4-bedroom townhouses arranged
over lower ground to second floors, with gardens, terraces and underground car parking /garages.
Freehold with a total NSA of 13,308 sq ft.
Occupational demand for these units is strong. Unit 3 (5 bed) was recently let at £80,400 per annum.
3 units have been kept vacant to allow for immediate asset management including significant
breakup potential. Chiswick residential values achieve in excess of £750 per sq ft.
Existing income of £214,356 per annum from 3 units let on ASTs. Total ERV is approximately£460,000 per annum.
We are instructed to seek offers in excess of £7,000,000 for the benefit of our client’s
Freehold interest. A purchase at this level reflects a very low capital value of £525 per sq ft.

Page Four

A406A205

GUNNERSBURY
PARK
0.9 MILESCHISWICKHIGH ROAD
0.1 MILESEALING BROADWAY - 2 MILESCENTRAL LONDON - 6 MILESKEW GARDENS - 1 MILEGUNNERSBURYSTATION
0.1 MILESCHISWICK
BUSINESS PARK
0.1 MILES

M40.3 miles

RICHMOND - 2.7 MILES

A412345678CHISWICK
PARK STATION
0.5 MILES

Location
Chiswick is a very affluent and highly desirable suburb in West London approximately
6 miles (10 km) west of central London. The area is very popular among young professionals
and families within the most affluent AB social group (57% - London average is 13%).
Residents are attracted to Chiswick as it is characterised by open green spaces, excellent
schools and a vibrant High Street, along with easy access to central London.

Page FOUR/// reduce.menu.online

PARK ROYAL

A40
WORMWOODSCRUBSA40

EALINGNORTH ACTON

Chiswick Business Park is adjacent to the The Crescent and comprises 1.8 million sq ftof Grade A offices with Avon, Starbucks, Vue, and Sony all in occupation. Approximately
80% of total employment in Chiswick is accounted for by the private sector.

A40A406
EALINGBROADWAY

WESTFIELDLONDONACTONWHITE CITY

Chiswick benefits from excellent transport communications offering direct links to both
central London and the surrounding counties.
GUNNERSBURY MEWS,CHISWICK W4 4BF

The Crescent is located on a secluded gated mews just south of the vibrant Chiswick
High Road and adjacent to Gunnersbury Station.

KENSINGTONPALACEHOLLANDPARKBEDFORDPARKRAVENSCOURTPARK

6 MILES CENTRAL LONDON

A4ET
CHISWICK HIGH STRE

M4TURNHAM
GREEN PARKA4CHISWICKRIVE R THAME

HAMMERSMITH

A4EARLS COURTSCHISWICK HOUSEAND GARDENSTFULHAMKEW
GARDENSBARNESCOMMON

RIVE
R

TH

A

M

ES

NORTH SHEEN

Heathrow Airport is located approximately 8.2 miles (13.1 km) to the south west of theproperty (approximately 14 minutes’ drive via the M4 motorway, or 40 minutes via
London Underground services) and provides flights to numerous European and global
destinations.

HYDEPARKSOUTH
KENSINGTONCHISWICKPARK STATIONGUNNERSBURYSTATION

Gunnersbury Station is just a 2-minute walk from the property, providing both Overgroundservices between Richmond and Stratford (via Highbury and Islington) and Underground
Services via the District Line, with estimated journey times of 9-minutes to Hammersmith,
15-minutes to Earls Court, 23-minutes to Victoria and 26-minutes to Westminster.

KENSINGTON

A406
GUNNERSBURY PARKThe Crescent benefits from excellent road communications via the A4. The main arterial
road is the A4, which runs from central London to the west directly through Chiswick.
The A4 provides direct access to the West End, the City the M4 and the North Circular.

SHEPHERD’S
BUSH

RICHMONDPUTNEYCHELSE

Situation

Page FIVE

1 MIN WALKThe Crescent is situated in the heart of Chiswick,adjacent to Gunnersbury Station.
The development is to the immediate south ofChiswick High Road which is the retail and leisuredestination in the area. In close proximity are national
retailers such as Waitrose and M&S alongside establishedcafes/restaurants such as Gail’s, Franco Manca andHonest Burger.
There are also several renowned schools in the area
including Orchard House School, Latymer Upper
School, and Kew House School.
There are numerous largescale residential developmentsin the area such as Chiswick Point (124-unit Bellway
Homes scheme), Chiswick Gate (174-unit Berkeley
Homes scheme) and 500 Chiswick High Road (71unit Redrow scheme), illustrating the demand for highquality residential property in Chiswick.

TenureDescription

Page SIX

The property is held Freehold under Title Number: AGL2186.

The site is set in an impressive, gated complex with a communal entrance garden.
urrsb

neiontatEl Sub StayScePla

Gunnersbury Mews

Units 1, 2, 3 and 5 offer 5 bedrooms over 4 floors, further comprising a fully fitted and modernkitchen, 4 bathrooms, underground car parking with a garage, a utility room, a rear garden
and a balcony. Each of these units has a NSA of approximately 2,400 sq ft (223 sq m).
ullnBhJo

Gun

Underground car parking and/or garage provisions have been allowed for each of thetownhouses.

adk High Ro

Units 4 and 6 were sold off on 999-year leases and Unit 9 was sold Freehold. The Leaseholdtitle numbers for the existing leasehold units are AGL361485 (Unit 4) and AGL336601 (Unit 6).
The Purchaser would need to grant 999 year leases on units 1-3 and 5 on substantially thesame terms as the existing leases if they wish to sell off these units.
Oxford Court

The opportunity is being offered as a single Freehold opportunity, however there is significant
break-up potential should the purchaser wish to sell the townhouses individually. Chiswick
residential values achieve in excess of £750 per sq ft.

The Freehold is being sold subject to two existing leases and does not include Unit 9.

Chiswic

When originally built and completed in 2016, the development comprised 9 townhouses. 3
have been sold (Units 4, 6 and 9). Unit 4 sold for £1,929,750 in November 2015, Unit 6 soldfor £1,185,000 in February 2015 and Unit 9 sold for £1,400,000 in June 2022.

Chaseley Court

All of the units benefit from an a high standard fit out, with triple-glazed windows and integrated
Miele appliances throughout.

teChiswick GaUnits 7 and 8 offer 4 bedrooms over 4 floors, further comprising a fully fitted and modern
kitchen, 4 bathrooms, underground car parking, a utility room and a balcony. Each of theseunits has an NSA of approximately 1,860 sq ft (173 sq m).

Gallery

Page SEVEN

Floor Plan - 5 Bed Townhouse

Page EIGHT

1 GUNNERSBURY MEWSBALCONY

LIVINGROOM
SHOWERROOMGARAGEBEDROOMBEDROOM

PLANT
STORE

DOWN

DOWN

DOWN

LAUNDRY
BATHROOMWCBATHROOMSHOWERROOMUP--REV DATE
CLIENT:

UP

CBR

UP

SITE ADDRESSBEDROOM

KITCHENBEDROOMBEDROOM

1 GuLonARE

DRAWING NAM

Low
1st,YARD

Drawn:
Checked By:

LOWER GROUND FLOOR:
606.03 sqft / 56.30 sqm

GROUND FLOOR:
721.74 sqft / 67.05 sqm

FIRST FLOOR:
560.17 sqft / 52.04 sqm

SECOND FLOOR:
501.94 sqft / 46.63 sqm

Floor Plan - 4 Bed Townhouse

Page NINE

7 GUNNERSBURY MEWS

STORE
PLANT

LAUNDRY

DOWN

DOWN

BATHROOMDOWNBATHROOMUPUPSHOWERROOM

UP

BEDROOMDRESSINGROOM
BEDROOMBEDROOMBEDROOMBEDROOM

OPEN PLAN
LOUNGE/KITCHEN--REV D
CLIENT:

BALCONYCB

SITE ADD

7GLo
ARYARDSCALE

LOWER GROUND FLOOR:
464.69 sqft / 43.17 sqmGROUND FLOOR:
509.90 sqft / 47.37 sqm

FIRST FLOOR:
512.38 sqft / 47.60 sqm

SECOND FLOOR:
373.30 sqft / 34.68 sqm

DRAWINGLo1sDrawn:

CheckedTenancy & Accomodation

Units 1, 3 and 5 are currently let on ASTs producing £214,356 per annum. Units 2, 5 and 7 have been
intentionally left vacant despite strong occupational demand. This is to offer the incoming purchaser
flexibility at the point of sale.
The ERV for the three vacant units is £230,400 per annum. The total ERV is £460,800 per annum.

Unit No.

SQ FT (GIA)

SQ M (GIA)

No. of Beds

Tenancy Start
Date

Tenancy End DateRent (£pcm)

Rent (£pa)

ERV (£pa)

Comment

12,389.88

222.02522/04/2021

26/09/23£6,200£74,400£80,400

Let on an AST. £569.70 pa Service Charge

22,397.42

222.72

5£80,400

Vacant. £569.70 pa Service Charge

32,399.89

222.95

5£80,400

Let on AST. 18 month Landlord break option.
£569.70 pa Service Charge

52,398.17

222.795£80,400

Vacant. £569.70 pa Service Charge

71,860.28

172.82

4£69,600

Vacant. £447.75 pa Service Charge

81,862.65

173.04

4£69,600

Let on an AST. £447.75 pa Service Charge

01/07/2023

27/06/2021

01/07/2026

05/08/2023£6,700£4,963£80,400£59,556402/15/3014

Long-Leasehold interest sold. £542.70 pa
Service Charge

602/16/3014

Long-Leasehold interest sold. £335.70 pa
Service Charge
Freehold interest sold. £447.30 pa ServiceCharge

9TOTAL

13,308.29

1236.34£17,863£214,356£460,800

The Crescent
Gunnersbury Mews, Chiswick W4 4BF

Identity Checks
In order to comply with anti-money laundering legislation, the successful purchaser
will be required to provide certain identification checks. The required documents
will be confirmed and requested from the successful purchaser at the relevanttime.
EPC
Unit 1

Unit 2

Unit 3

Unit 5

Unit 7

Unit 8

Unit 4

Unit 6

B(84)

B(86)

B(86)

B(86)

C(80)

B(81)

B(81)

B(87)

A copy of the Energy Performance Certificates is available upon request.

Proposal
We are instructed to seek offers in excess of £7,000,000 for the benefit of ourclient’s Freehold interest. A purchase at this level reflects a very low capital valueof £525 per sq ft.

FOR SALE BY KROLL ADVISORY LTD ACTING AS LPA RECEIVERS

ANDREW CAIN
07186 360 746
andrew.cain@cbre.com

TINO ANTONIOU
07943 744 534
tino.antoniou@cbre.com

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