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Town centre income producing freehold investment - £99,200 pa when fully let
2 commercial units fully let and 3 flats offered with vacant possession
Potential additional income of £15,000 pa from advertising hoarding
Niy of 5.66% (when fully let)
Location: The premises are in a prime position on the Eastern side of Fulham Palace Road with its junction with Biscay Road. It is well served by transport links into the West End of London and Heathrow Airport via Great West Road and the A4. Local public transport links are excellent with the Piccadilly, District, Circle and Hammersmith & City Lines being just 0.2 miles away along with Hammersmith Broadway Shopping centre.
Description: The property is arranged on basement, ground and two upper floors and is of traditional brick elevations, under a pitched slated roof. The ground floor provides retail accommodation, currently fitted out as a Café with a timber and glazed shop front. In addition, the return frontage also provides a single storey addition which is currently fitted out as a mini cab office. The upper parts are self-contained and arranged as 3 flats ( 2 x 1B flats and a split level 2B maisonette). Historically the flats have been let out on AST’s and have produced an income in the region of £55,000 per annum. The flats would benefit from redecoration and upgrading. The flank wall on the side return to Biscay Road has had an advertising hoarding in the past and generated income of £15,000 per annum. We believe it may be possible to reinstate this feature subject to planning and will demand a reasonable income stream. Buyers are urged to undertake their own due diligence in this regard.
User: We believe the premises fall under Class E shop, Sui Generis & C3 Dwelling houses of The Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
Accommodation & tenancy schedule: The property offers the following (nia) approximate dimensions:
FloorTypeTenantSq MSq FtLease End DateReview DateRent/ervepc
For more information about this property, please contact Willmotts, W6 on +44 20 3641 3338 * (local rate)
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