304 North End Road London Fulham SW6 1NQ

304 North End Road
London
Fulham
SW6 1NQ

Prime Retail Investment

Let to Instant Cash Loans Limited on new 10 year lease (no breaks)
Affluent and fashionable South-West London location
Neighbouring occupiers include Travelodge, Subway, Santander, Costa, Sainsbury’s Local, Boots and Lloyds TSB
Six Week Completion Period Available

Lot
39
Auction
6th December 2012
Rent
£43,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Prime Retail Investment

Let to Instant Cash Loans Limited on new 10 year lease (no breaks)
Affluent and fashionable South-West London location
Neighbouring occupiers include Travelodge, Subway, Santander, Costa, Sainsbury’s Local, Boots and Lloyds TSB
Six Week Completion Period Available

Lot 39
Auction 6th December 2012
Rent £43,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 0.6 miles to Kings Road 0.8 miles to Queens Club 1 mile to Hurlingham Club 2.2 miles south-west of Hyde Park
Roads: A4, A304, A308, M4
Rail: Fulham Broadway (District), West Brompton (Overground &; District), West Kensington (Overground & District)
Air: London City, London Heathrow

Situation

Fulham is an affluent and fashionable South-West London suburb some 5.5 miles west of Central London. Earls Court is some 2 miles with Putney some 3 miles to the south. The property is prominently situated on the west side of the busy North End Road, a major route linking Kensington with Fulham Road. The property is located in a prime trading position on North End Road adjacent to Travelodge. Neighbouring occupiers include Travelodge, Subway, Santander, Costa, Sainsbury’s Local, Boots and Lloyds TSB.

Tenure

Virtual Freehold. held for a term of 999 years from completion at a Peppercorn rent.

Location

Miles: 0.6 miles to Kings Road 0.8 miles to Queens Club 1 mile to Hurlingham Club 2.2 miles south-west of Hyde Park
Roads: A4, A304, A308, M4
Rail: Fulham Broadway (District), West Brompton (Overground &; District), West Kensington (Overground & District)
Air: London City, London Heathrow

Situation

Tenure

Virtual Freehold. held for a term of 999 years from completion at a Peppercorn rent.

Description

The property comprises retail accommodation on the ground floor. The upper parts are being retained by the Seller who will redevelop to form two self-contained two bedroom residential flats.

Note
There is an option to purchase the freehold for £1 from the third anniversary of the term or when the development of the upper parts has been completed, whichever is sooner.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Retail	99.40 sq m	(1,070 sq ft)	INSTANT CASH LOANS LIMITED T/A THE MONEY SHOP (1)	10 years from 29/03/2012 until 28/03/2022 on a full repairing and insuring lease	£43,500	2017 (2)
Totals		99.40 sq m	(1,070 sq ft)			£43,500

(1) Instant Cash Loans Limited t/a The Money Shop operate over 500 outlets nationwide. (Source: www.moneyshop.co.uk) For the year ending 30th June 2011, Instant Cash Loans Limited reported a turnover of £128,648,000, a pre-tax profit of £32,892,000 and a total net worth of £67,771,000. (Source: www.riskdisk.co.uk)