SW6 291 New Kings Road, London, Fulham, London

The property comprises a substantial traditional brick building constructed over four floors which includes a retail unit over both ground and basement floors with two apartments above sold off on long leases.

Fulham is an affluent London suburb well located between Chelsea, Putney and Hammersmith. The area benefits from excellent transport links being served by Fulham Broadway, Parsons Green and Putney Bridge tube stations, numerous bus connections and cycle routes plus excellent road links with easy access to both Central London and the A3 via Putney Bridge and the M4 via Fulham Palace Road.

Prominent location on the New Kings Road

Attractive lot size and potential SIPP purchase

Freehold

Let on a long unexpired term of 16.25 years

Let to L'Eto Beauty Ltd on a FRI year lease expiring on 18th September 2040 at a current rent of £37,375 per annum which will increase to £39,750 per annum in September 2025.

Offers invited in the region of £646,000 (Six Hundred and Forty Six Thousand Pounds), subject to contract and exclusive of VAT which reflects a net initial of 5.5% with a reversion to 5.85% in September 2025 assuming purchaser's costs of 5.1%.

A purchase at this level reflects a capital value of only £697 psf.