Highly Desirable Retail Investment in Affluent South-West London Location
Let to Foxtons Limited until 2021
Prominent position close to the junction with Fulham Road
Benefits from excellent footfall being situated between Fulham Broadway Underground Station and North End Road
Main thoroughfare running from Knightsbridge through to Chelsea and Fulham
Fulham Broadway Shopping Centre, Marks & Spencer & NatWest are all nearby
Six Week Completion Available.
Lot 6
Auction 21st March 2013
Rent £115,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
50 metres from Fulham Broadway Underground Station, 2 miles south-west of Chelsea, 4 miles south-west of Central London
Roads
A4, A304
Rail
Fulham Broadway Underground Station (District Line)
Air
London Heathrow
Situation
The property is situated in a prominent position on Fulham Broadway, close to the junction with Fulham Road, in one of London’s most affluent and desirable locations. The area is popular with young professionals and families drawn to the amenities, restaurants and shops that the immediate area has to offer.
Fulham Broadway Shopping Centre is situated in close proximity and houses occupiers including Sainsbury’s, Boots the Chemist, Vue Cinema and others, while Gourmet Burger Kitchen, NatWest Bank & M & S Simply Foods are within the immediate vicinity.
Tenure
Virtual Freehold. On completion a lease for a term of 999 years will be granted at a peppercorn rent.
Location
Miles
50 metres from Fulham Broadway Underground Station, 2 miles south-west of Chelsea, 4 miles south-west of Central London
Roads
A4, A304
Rail
Fulham Broadway Underground Station (District Line)
Air
London Heathrow
Situation
The property is situated in a prominent position on Fulham Broadway, close to the junction with Fulham Road, in one of London’s most affluent and desirable locations. The area is popular with young professionals and families drawn to the amenities, restaurants and shops that the immediate area has to offer.
Fulham Broadway Shopping Centre is situated in close proximity and houses occupiers including Sainsbury’s, Boots the Chemist, Vue Cinema and others, while Gourmet Burger Kitchen, NatWest Bank & M & S Simply Foods are within the immediate vicinity.
Tenure
Virtual Freehold. On completion a lease for a term of 999 years will be granted at a peppercorn rent.
Description
The property, which forms part of a larger end of terrace building, comprises a ground floor retail unit with ancillary accommodation on the lower ground floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, which forms part of a larger end of terrace building, comprises a ground floor retail unit with ancillary accommodation on the lower ground floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Lower Ground
Retail Ancillary
210 sq m 77 sq m
(2,263 sq ft) (834 sq ft)
FOXTONS LIMITED (1)
15 years from 29/09/2006 until 28/09/2021 on a full repairing and insuring lease
£115,000
29/06/2011 and 29/06/2016
Totals
288 sq m
(3,097 sq ft)
£115,000
(1) For the year ending 31st December 2011, Foxtons Limited reported a turnover of £110,825,986, pre-tax profits of £34,633,428 and a total net worth of £69,742,856. (Source: www.riskdisk.com 25/02/2013)
Contacts
Seller's Solicitors
Katten Muchin Roseman UK LLP 125, Old Broad Street London EC2N 1AR
