Greater London, SW6 7NF

A GROUND FLOOR SHOP & PREMISES (A1), LOOKING ONTO LILLIE ROAD, & 4 FLATS (C3)

Overview

For Sale

An attractive flat fronted, end of terrace, Victorian building with a glazed ground floor frontage, leading to a retail area and a second retail area and workshop in the basement. The A1 shop premises is currently occupied by a lighting and restoration business, Fiat Lux Chandeliers, who extended their Lease term for 5 years from Q4 2018, passing rent £12,000 per anum. The premises also benefits from an advertising hording to the end of terrace flank wall, which faces in an easterly direction down Lillie Road, rented at £14,000 per annum.

A private entrance from Lillie Road accesses four residential flats, which are arranged over the rear basement level, studio flat, 1; rear ground floor, studio flat, 2; the 1st floor, two bedroom flat, 3 and the 2nd floor, two bedroom flat, 4. The flats are let on 1 years AST's grossing £58,020 per annum in total. There is also scope to add a third floor subject to planning permission.

The condition of the commercial premises is generally good and the flats are clean and tidy, being decorated in neutral colours, with the purpose of letting in mind.

The building is not elected for VAT.

Location

Lillie Road is in the heart of Fulham and serves as a connection between Earls Court, Barons Court, Hammersmith and Fulham. The Freehold is prominently positioned and enjoys close proximity to the vast regeneration of Earls Court incorporating Lillie Square and the abundance of new stores that this re-development is bringing to the area, alongside the established and energetic residential district of Fulham. Of particular note is the parade itself which has become a renowned destination for specialist designer furniture and antiques. The property is within easy reach of West Brompton, Fulham Road and Hammersmith stations (Circle, District, Piccadilly and Hammersmith & City Lines) with fast access into Central London.

Accommodation

Ground Floor Shop & Premises with a Basement Studio Flat

Floor: 1

Ground Floor Rear, Studio Flat

Floor: 2

1st Floor, 2 Bedroom Flat

Floor: 3

2nd Floor, 2 Bedroom Flat

Floor: 4

Overall Area: 2,371 sq ft

• Highly Visible Glazed Frontage onto Lillie Road

• Ground Floor & Basement Retail Areas

• Good Natural Light

• Excellent Ceiling Height

• Sound Decorative Order

• Basement Studio Flat

• Ground Floor Studio Flat

• 1st Floor Two Bedroom Flat

• 2nd Floor Two Bedroom Flat

Tenure

Freehold

Asking Price of £ 1295000

Lease Terms

A Lease extension granted to Fiat Lux Chandeliers for a further 5 years from Q4 2018

Rateable Value

£8,800 per annum

Rates Payable

£4,224 per annum - NB We strongly recommend that you verify the rates with the London Borough of Hammersmith & Fulham's Business Rates Department.

We strongly advise that you verify these figures with London Borough of Hammersmith & Fulham City Council Business Rates Department

Possession

The commercial premises is being sold with the commercial and residential tenants in occupation

Legal Costs

Each party is to bear their own legal costs

Viewing Details

Strictly by appointment with Sole Agents Bective Commercial on