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Lot 10 Click here for addendum

Commercial Investment
Gross Yield 8%
6 Week Completion

Situation

Located close to the junction with Pellant Road and adjacent to the Sir John Lillie Primary School, serving this affluent residential neighbourhood, less than ¾ of a mile from Fulham Broadway.
Fulham is a sought after area of south-west London, located approximately 1 mile south of Hammersmith, enjoying excellent road links to central London via the A4.

Property

Forming part of this end of terrace building comprising a Ground Floor Shop and Basement.

Accommodation

Ground Floor Shop
Internal Width 15'2"
Shop & Built Depth 17'4"
Basement
Area Approx. 240 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 1st January 2020 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to F. Lazare & L. Birkett as a Chandelier Shop for a term of 5 years from 24th June 2018 (renewal of a previous Lease) (excl. s.24-28 L&T Act 1954) at a current rent of £12,000 per annum exclusive.

Rent Review June 2021

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

245 Lillie Road, Fulham, London SW6 7LN