707 Fulham Road Fulham London SW6 5UL

707 Fulham Road
Fulham
London
SW6 5UL

Freehold Retail and Residential Ground Rent Investment

Estate Agent Office with rear yard and 3 flats on upper floors (sold off)
Recently completed reversionary lease expiring May 2034 (subject to option in April 2029)
Highly Affluent South-West London location
Prominent position on Fulham Road
Close to Parsons Green and Fulham Broadway Underground Stations
VAT Free Investment

Lot
4
Auction
27th March 2024
Rent
£45,600 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction
Octopus Bridging Loan
To be confirmed

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Freehold Retail and Residential Ground Rent Investment

Estate Agent Office with rear yard and 3 flats on upper floors (sold off)
Recently completed reversionary lease expiring May 2034 (subject to option in April 2029)
Highly Affluent South-West London location
Prominent position on Fulham Road
Close to Parsons Green and Fulham Broadway Underground Stations
VAT Free Investment

Lot 4
Auction 27th March 2024
Rent £45,600 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 3 miles south west of London's West End, 1 mile south of High Street Kensington,
Roads: A3, A4, A205 (South Circular Road)
Rail: Parsons Green, Fulham Broadway Underground Stations (District Line)
Air: London Heathrow Airport, London Gatwick Airport, London City Airport

Situation

The property is located in the highly affluent South-West London district of Fulham some 3 miles from London's West End. The property is prominently situated on the busy Fulham Road within walking distance of Fulham Broadway and Parsons Green Underground Stations. Nearby occupies include a number of high end local retails, restaurants and cafes.

Tenure

Freehold.

Location

Miles: 3 miles south west of London's West End, 1 mile south of High Street Kensington,
Roads: A3, A4, A205 (South Circular Road)
Rail: Parsons Green, Fulham Broadway Underground Stations (District Line)
Air: London Heathrow Airport, London Gatwick Airport, London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor estate agents shop with basement ancillary accommodation plus a rear yard. The upper three floors provide three flats sold off on long leases.

VAT

VAT is not applicable to this lot.

Note

Notices pursuant to Section 5B of the Landlord & Tenant Act 1987 have been served on the residential tenants.

EPC

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

Description

The property comprises a ground floor estate agents shop with basement ancillary accommodation plus a rear yard. The upper three floors provide three flats sold off on long leases.

VAT

VAT is not applicable to this lot.

Note

Notices pursuant to Section 5B of the Landlord & Tenant Act 1987 have been served on the residential tenants.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground Basement Rear Yard	Retail Ancillary -	57.04 35.30 -	(614) (380) -	PETER WOODS (LONDON) LTD t/a Peter Woods (1)	10 years from 01/05/2024 (2)(3)	£45,000	01/05/2029
First Second Third	Residential Residential Residential	- - -	- - -	INDIVIDUALS	Let on 3 separate leases for a term of 125 years from 24/06/1994	£600	25 yearly fixed uplifts (4)
Total Approximate Floor Area		92.34	(994)			£45,600

(1) Peter Woods.co.uk Letting Specialists was established in 1996 and specialise in providing residential letting services in the highly south-after areas of South West London (www.peterwoods.co.uk).
(2) The lease provides a tenant option to determine the lease on 01/05/2029 upon serving 6 months written notice.
(3) The original lease was for a term of 12 years from 01/06/2012 at a rent of £40,000 per annum exclusive, the lease has been recently renewed for a further 10 years until 30/04/2034 at a rent of £45,000 p.a.x.
(4) The residential leases provide for fixed rental uplifts to £400 pa from 2044, £800 pa from 2069 and £1,600 from 2094.

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.