Hammersmith: Zone 2 Studios Beside the Thames With a Private Residents Club

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About this property

The address is Distillery Wharf on Parr's Way, W6, in the London Borough of Hammersmith and Fulham, set between Frank Banfield Park on one side and the River Thames on the other. Hammersmith Underground is a four minute walk, which puts the District, Piccadilly, Circle and Hammersmith and City lines at the end of the street in Zone 2. The ground floors of the estate carry shops, bars and restaurants, and a river promenade, landscaped parkland and private courtyards run through it. All fourteen homes on the list are the same type and the same size band, so what separates them is the floor and the outdoor space. Twelve have a fifty six square foot balcony, one on the ground floor has a one hundred and one square foot terrace at 598,000 pounds, and one has no outdoor space at all, also 598,000. Internal areas run 473 to 488 square feet, 44 to 45 square metres. Prices start at 549,500 pounds on the first floor and reach 623,000 on the fourth, and the rental estimates supplied with the list run 2,600 to 2,700 pounds a month, which is a gross yield of 5.1 to 5.7 per cent. The residents' club is what separates this address from a normal Zone 2 flat. It holds a swimming pool, a gym, a sauna, a steam room, a treatment room, a wine cellar, a snooker room, a screening room, a virtual golf room and a Wi Fi enabled lounge, and it is for residents only rather than a membership sold to the neighbourhood. The concierge desk runs twenty four hours and is monitored by CCTV. Parking is not included: a Right to Park costs sixty thousand pounds as a one off plus a service charge of four hundred and seventy four pounds a year, and there is a car club on the estate for anyone who does not want a space. Two things to be straight about. All fourteen homes on this list face north and west, so they look over the park and the streets rather than the river; the river is the estate's setting, not the view from these windows. And this is a leasehold, nine hundred and ninety nine years from 2011, with an anticipated service charge of six pounds thirty seven per square foot a year, which on a four hundred and eighty eight square foot home is roughly three thousand one hundred pounds annually before the parking charge. Against that, the homes are finished and ready, the estate agent's rental estimates run from two thousand six hundred to two thousand seven hundred pounds a month, and the terms are five thousand pounds to reserve, exchange within twenty eight days on ten per cent, and ninety per cent on completion.

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