Vause Cribb Chartered Surveyors

Retail Investment For Sale 196 Fulham Palace Road £325000

For Sale £ 325,000

Address: 196 Fulham Palace Road, Hammersmith, W6 9PA

Size: 720 sq ft

Use Class: A1

Location:

Situated in a prominent position on a busy parade in Fulham Palace Road next to Boots and close to Charing Cross Hospital. The unit is ideally situated to serve the substantial nearby residential population. Nearby occupiers include Waitrose Pret A Manger, Sainsbury's Local, Tesco Metro, Cafe Nero, Boots and a host of local cafes, bars and restaurants.

Accommodation:

The retail unit was refurbished in 2013 to an exceptionally high standard which included new hardwood flooring, halogen spotlights, new Kitchenette and W/C. Both Ground floor and basement have excellent natural light and the unit extends to the following approximate floor areas:

Ground Floor             336 sq ft

Basement                  384 sq ft

Forecourt                  

W/C & Kitchenette

Total Area                 720 sq ft

TENANCIES: Ground floor and trading basement retail let to T H Bui T/a Las Vegas Nails for a term of 12 years from June 2013 at a current rent of £18,000 pa subject to an outstanding RPI rent review in 2017 with another review due June 2021. Las Vegas Nails also trade from two other locations in SW London.

The 4 upper floor residential flats are sold on 125 year long leases from 1986 and the ground floor flat on 99 year leases from 2013. The flats produce a further income of £900 per annum providing a total income of £18900 pa.

PRICE;                      £325,000

Contact rick@vausecribb.co.uk