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,
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.
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
