Wednesday, August 24, 2022

Catching A Bargain Artists’ Studio In SW3

Swanky renovated artists’ studio in ritzy South Kensington enclave for sale for just £375,000 – naturally, there’s a catch

In November 2016, The Steeple Times featured the sale of a 1,352 square foot artists’ studio behind Fulham Road favourite PJ’s when it was offered for the punchy sum of £2.7 million ($3.20 million, €3.18 million or درهم11.74 million) in spite of being in need of modernisation. Records on RightMove.com suggest it did not actually sell then and has not sold since.

 

blank

Now, six years later, when you’d have thought rocketing London property prices would have meant such properties would be selling for a hell of a lot more, another studio in the ritzy enclave of Avenue Studios, SW3 is actually for sale for just £375,000 ($444,000, €441,000 or درهم1.6 million) or £460 per square foot ($545, €541 or درهم2,000 per square foot) in spite of being in excellent condition. There is, inevitably, a catch – and a rather major one.

 

The 814 square foot property offered is on a lease of 13 years, expiring on 12th June 2035, and is accompanied by a rent of £12,900 per year ($15,300, €15,200 or درهم56,100 per year) and a service charge of £1,448 per year ($1,714, €1,704 or درهم6,293 per year).

blank
blank

 

Any buyer, thus, will have to pay at least £186,524 ($221,000, €220,000 or درهم811,000) on top of the asking price if they opt to stay in residence until 2035, but they will get a spectacular double height living-dining-working space with an open-plan kitchen, a mezzanine bedroom, a shower room and a parking space in the heart of the Royal Borough of Kensington and Chelsea.

 

Between 1850 and 1914 many artists’ studios were constructed in Kensington and Chelsea in the wake of “the pro art political climate” supported by the likes of Disraeli, Gladstone and the royal family. The first of them, ‘The Avenue’ – where the properties mentioned are situated – was built at 76 Fulham Road in 1870.

 

Now Grade II listed, this ‘set’ of studios has variously been the home and workplace of a number of distinguished artists including Joseph Boehm Edward Poynter, Alfred Gilbert and Philip Wilson Steer.

 

If you’re into the art of a bargain (that actually might not quite be such a bargain), contact agents Best Gapp. You might even, potentially, be able to follow the lead of Donald Trump and get yourself an ‘art of a deal’ at a knockdown price.

 

Main room 1
Situated on the first floor of this Victorian building, agents Best Gapp laud the space as “live-work” and a “rare opportunity… near to the excellent facilities of South Kensington and the Kings Road.”
Kitchen
The kitchen is functional but any buyer would likely rip it out and replace with something a bit more swanky.
blank
blank
Bedroom
The sleeping platform mezzanine bedroom isn’t exactly large and just 8-foot in width but does fit a double bed. There are wardrobes but those that like to shop at nearby swanky shops such as Carolina Herrera, JOSEPH and Ralph Lauren might be rather disappointed at their size.
Shower room
The shower room is functional and certainly far more chi-chi than the basic facilities that were probably present when actual artists lived in this space.
Main room 2
The high-ceilinged space is bright and airy and ideal for a bachelor or bachelorette. As to whether an upcoming artist could actually afford it, that seems unlikely but if someone with the wealth of Tracey Emin is looking for a crash pad in Chelsea, this could be an ideal spot given it is especially close to inspirational locations including the Victoria & Albert Museum.
Exterior
The exterior of the property offered is not exactly awe inspiring in its beauty.
Floor plan
The floor plan of the 814 square foot Sydney Close studio shows the expansive size of the 22’3” by 21’10” main area. The agents specify it as providing “sitting areas” and “dining areas” rather than actually lauding it as suitable for artistic creations.
blank
blank
Matthew Steeples
Matthew Steeples
A graduate of the London School of Economics, Matthew Steeples is a writer and marketing consultant. He conceived The Steeple Times as a media arena to fill the void between the Mail Online, The Huffington Post and such organs as the New York Social Diary in 2012.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

£1 per week Supports The Steeple Times

Help journalism to remain honest & independent. You can make a difference to the world today.

3,025FansLike
2,068FollowersFollow
13,589FollowersFollow

Subscribe For DAILY NEWS

Please subscribe, like and share this unique site, it helps us tremendously. The Steeple Times in return will send you an email at noon each and everyday, that we sincerely hope you will enjoy & look forward to seeing in your inbox.

AD
Advertisement

Trending Now

Another Met Mess – Inept Met Police Shockingly Shelve Jeffrey Epstein 2001 Abuse Investigation

As inept Metropolitan Police unsurprisingly shelves investigation into UK activities of croaked paedophile Jeffrey Epstein, Matthew Steeples reminds that they shockingly did same with their 1994 investigation into now convicted sex fiend Ghislaine Maxwell.

Tone Deaf Dwarf – Skinflint Billionaire Bernie Ecclestone Curiously Claims He Can’t Hear In Court

Tone deaf Putin and Prince Andrew bestie Bernie Ecclestone’s claim that he couldn’t hear in court is yet more evidence that this dwarf-like billionaire is completely off-the-scale arrogant.

Help Find William Cookson – Missing Since August 2022 From London, SW6

London based artist William Cookson has been missing since early August; please help his family and friends find this much-loved 45-year-old.

A £65 Million ‘Bargain’ Boat – Seized Oligarch Gin Palace For Auction

As government of Gibraltar auctions a seized £65 million oligarch superyacht with interiors by Jeffrey Epstein’s favourite designer to ‘bargain seekers,’ Matthew Steeples asks: “Why haven’t other seized ‘questionable assets’ been sold off already?”

Most Popular Artcles

Who REALLY is Omid Scobie?

An examination of the true character traits of the Duchess of Sussex’s PR peddling biased ‘bestie’ Omid Scobie by Nikolay Kalinin.

Justice for James Scurlock

Power of social media proven after senseless killing of James Scurlock in Omaha, Nebraska allegedly by a controversial bar owner named Jake Gardner who has been photographed with Donald Trump.

Moron of the Moment – Prince Harry

With his marriage to the woman formerly known as Meghan Markle, Prince Harry has morphed into an utter bore   Prince Harry used to be a...

Scobie Orf!

‘MeGain’s’ bestie Omid Scobie deservedly gets slammed by ‘Yankee Wally’ Sadie Quinlan for getting her shut down on Twitter; this childish chap should now just ‘belt up, wrap up and shut up.’