Freehold Restaurant and Residential Investment
Freehold Restaurant and Residential Investment
Fulham is an affluent London suburb some 5.5 miles west of Central London. Chelsea is some 2 miles to the east with Putney some 3 miles to the south.
The property is prominently situated on the east side of the busy Fulham Palace Road (A219) at its junction with Gowan Avenue. Fulham Palace Road is a major arterial route linking Hammersmith with Fulham Road, New Kings Road and Putney. Fulham Football Club is situated less than 0.5 miles away with other nearby occupiers including Tesco Express and Costcutter.
Freehold.
Fulham is an affluent London suburb some 5.5 miles west of Central London. Chelsea is some 2 miles to the east with Putney some 3 miles to the south.
The property is prominently situated on the east side of the busy Fulham Palace Road (A219) at its junction with Gowan Avenue. Fulham Palace Road is a major arterial route linking Hammersmith with Fulham Road, New Kings Road and Putney. Fulham Football Club is situated less than 0.5 miles away with other nearby occupiers including Tesco Express and Costcutter.
Freehold.
The property is an attractive end of terrace building comprising restaurant accommodation on the ground floor benefiting from a return frontage and a kitchen and ancillary accommodation in the basement. The first and second floors comprise 5 self-contained flats, accessed via Gowan Avenue, configured as three studio flats, a two bedroom flat and a three bedroom maisonette.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property is an attractive end of terrace building comprising restaurant accommodation on the ground floor benefiting from a return frontage and a kitchen and ancillary accommodation in the basement. The first and second floors comprise 5 self-contained flats, accessed via Gowan Avenue, configured as three studio flats, a two bedroom flat and a three bedroom maisonette.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Restaurant Kitchen and Ancillary |
118.7 sq m 32.9 sq m |
(1,277 sq ft) (354 sq ft) |
ASK RESTAURANTS LIMITED (1) |
24 years from 25/03/1996 until 24/03/2020 on a full repairing and insuring lease | £36,000 | 25/03/2012 and 25/03/2016 |
| Upper | 5 Residential Self-Contained Flats | AN INDIVIDUAL | 999 years from 01/05/011 | £1 | 2016 25 yearly (2) |
||
| Total Approximate Commercial Area |
151.60 sq m |
(1,631 sq ft) |
£36,001 | ||||
(1) For the year ending 27th July 2010 Ask Restaurants Limited reported a turnover of £195,419,000, a pre-tax profit of £24,516,000 and a total net worth of £88,847,000. (Source: riskdisk.com 16.12.2010) The property has been sub-let to Buenos Aires Restaurant Limited.
(2) There is a fixed rental increase of £100 per annum exclusive in 2016. The rent doubles every 25 years.
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