Freehold South-West London Retail Investment with Residential Ground Rents
Affluent and Fashionable South-West London Location
Predominantly let to a luxury Hair & Beauty Salon
Lease expires October 2029 (subject to option)
Lease contracted out of the Security of Tenure provisions of the Landlord & Tenant Act 1954
Includes 5 flats above, let on a long lease.
300 metres from Fulham Broadway Tube Station
Nearby occupiers include Waitrose, Wholefoods Market, Caffé Nero, Holland & Barrett and PureGym
VAT-free London Investment
Lot 10
Auction 15th December 2022
Rent £51,900 per Annum Exclusive
Status Sold
Price £750,000
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
On the Instructions of Telereal Trillium
Property Information
Location
Miles
0.6 miles to Kings Road, 0.8 miles to Queens Club ,1 mile to Hurlingham Club, 2.2 miles south-west of Hyde Park
Roads
A4, A304, A308, M4
Rail
Fulham Broadway (District), West Brompton (Overground & District), West Kensington (Overground & District)
Air
London Heathrow
Situation
Fulham is an affluent and fashionable south-west London suburb 5 miles south-west of Central London. The property is located in a excellent trading location on North End Road, just 300 metres from Fulham Broadway Tube Station. Numerous bus routes also serve the area providing easy access to Chelsea, Knightsbridge, the West End and other parts of London. Nearby occupiers include Waitrose, Wholefoods Market, Caffé Nero, Holland & Barrett, PureGym and various independent cafés, restaurants & boutiques.
Tenure
Freehold. of the whole property and the virtual freehold interest of the first, second and third floors held for a term of 999 years from 28th March 2013 at a peppercorn rent.
Location
Miles
0.6 miles to Kings Road, 0.8 miles to Queens Club ,1 mile to Hurlingham Club, 2.2 miles south-west of Hyde Park
Roads
A4, A304, A308, M4
Rail
Fulham Broadway (District), West Brompton (Overground & District), West Kensington (Overground & District)
Air
London Heathrow
Situation
Fulham is an affluent and fashionable south-west London suburb 5 miles south-west of Central London. The property is located in a excellent trading location on North End Road, just 300 metres from Fulham Broadway Tube Station. Numerous bus routes also serve the area providing easy access to Chelsea, Knightsbridge, the West End and other parts of London. Nearby occupiers include Waitrose, Wholefoods Market, Caffé Nero, Holland & Barrett, PureGym and various independent cafés, restaurants & boutiques.
Tenure
Freehold. of the whole property and the virtual freehold interest of the first, second and third floors held for a term of 999 years from 28th March 2013 at a peppercorn rent.
Description
The property comprises a luxury Hair & Beauty salon arranged on the ground floor & basement and five separately accessed residential flats arranged on the first, second & third floors, let on a long lease.
VAT
VAT is not applicable to this lot.
Completion Period
6 week completion
EPC
See legal pack
Description
The property comprises a luxury Hair & Beauty salon arranged on the ground floor & basement and five separately accessed residential flats arranged on the first, second & third floors, let on a long lease.
VAT
VAT is not applicable to this lot.
Completion Period
6 week completion
EPC
See legal pack
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground Basement
Hair Salon/Ancillary Hair Salon/Ancillary
106.41 84.10
(1,145) (905)
HAIR BIAN LTD (1) (t/a Hair Bian)
10 years from 04/10/2019 (2) with a rent review on 04/10/2024
£50,000
First, Second & Third
5 Residential Flats
-
-
VARIOUS
5 leases each held for 125 years from 25/06/2012
£1,900
Total Commercial Area
190.51
(2,050)
£51,900
(1) www.hairbian.com. (2) The lease is subject to a tenant option to break on 04/10/2024 and is contracted outside the provisions of the Landlord & Tenant Act 1954 NB: As to the residential flats, the tenants have been served notice pursuant to section 5B of the Landlord & Tenant Act 1987, but the tenants have not responded to the notices within the timeframe & therefore the tenants are not able to exercise their rights of pre-emption on this sale.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
