228-232 Fulham Road Chelsea London SW10 9NB

228-232 Fulham Road
Chelsea
London
SW10 9NB

Freehold Retail and Residential Investment

Majority let to Boots UK Ltd, on assignment until 2027
Highly affluent and fashionable West London suburb
Opposite Chelsea and Westminster Hospital
Nearby occupiers including Carluccio's, Tesco Express, Holland & Barrett as well as numerous boutique shops and restaurants
Six Week Completion

Lot
14
Auction
18th October 2011
Rent
£207,738 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment

Majority let to Boots UK Ltd, on assignment until 2027
Highly affluent and fashionable West London suburb
Opposite Chelsea and Westminster Hospital
Nearby occupiers including Carluccio's, Tesco Express, Holland & Barrett as well as numerous boutique shops and restaurants
Six Week Completion

Lot 14
Auction 18th October 2011
Rent £207,738 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 4 miles south-west of Central London, 1 mile west of Chelsea
Roads: A308, A4(M), A304
Rail: West Brompton Tube (District line), Gloucester Road Tube(Piccadilly, District and Circle lines)
Air: London City Airport, London Heathrow Airport, London Gatwick

Situation

Chelsea is a highly affluent and fashionable suburb of London, located just south-west of Knightsbridge and south of Kensington. The property is prominently situated directly opposite Chelsea and Westminster Hospital and close to Stanford Bridge, home of Chelsea FC. Nearby occupiers including Carluccio's, Tesco Express and Holland & Barrett as well as numerous boutique shops and restaurants.

Tenure

Freehold.

Location

Miles: 4 miles south-west of Central London, 1 mile west of Chelsea
Roads: A308, A4(M), A304
Rail: West Brompton Tube (District line), Gloucester Road Tube(Piccadilly, District and Circle lines)
Air: London City Airport, London Heathrow Airport, London Gatwick

Situation

Tenure

Freehold.

Description

The property comprises a retail unit on the ground floor with ancillary accommodation in the basement and five self-contained flats on the three upper floors. The flats are accessed via a separate entrance on Fulham Road. Floor plans are available upon request together with internal photographs of the flats.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Basement, 228- 232 Fulham Road Ground, 229-232 Fulham Road	Ancillary Retail	104.33 sq m 147.16 sq m	(1,123 sq ft) (1,584 sq ft) (2)	Let to BOOTS UK LTD (on assignment)	25 years from 30/10/2002 until 2027	£103,500	2012 (3)
Flat 1, 228 Fulham Road	Residential	67.35 sq m	(725 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy	£20,000
Flat 2, 228 Fulham Road	Residential	68.47 sq m	(737 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy	£24,960
Flat 3, 228 Fulham Road	Residential	54.72 sq m	(589 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy	£17,735
Flat 1, 232 Fulham Road	Residential	39.39 sq m	(424 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy	£20,743
Flat 2, 232 Fulham Road	Residential	53.23 sq m	(573 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy	£20,800
Totals		534.65 sq m	(5,755 sq ft)			£207,738

(1) For the year ending 31st March 2010, Boots UK Ltd reported a turnover of £6,303,000,000, pre-tax profits of £337,000,000 and a net worth of £313,000,000. (Source: www.riskdisk.com 23/09/2011)
(2) For the purposes of Rent Review, the lease states the following assumed floor areas: Basement - 1,063 sq ft, The unit In Terms of Zone A (ITZA) - 1,100 sq ft. based on 20ft Zones on the second floor.