Retail Investment For Sale in SW6 £1.85 million For Sale
92-98 Waterford Road Fulham Investments SW6
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| LOCATION | Location: The building is prominently located facing up Kings Road on Waterford Road and close to the junction with Kings Road. Fulham Broadway is the closest tube station and there are regular bus services operating on the Kings Road. Situated in an area well known for antiques and interior design, there are also a number of bars and restaurants in the vicinity. Nearby occupiers include, La Rueda Restaurant, Tesco Express and Christopher Wray Lighting.
Description: The property comprises a new development built in 1999 with two double retail units on ground and lower ground floors, and six residential units above.
Tenancies: 92-94 Waterford Road is let to Coffee and Cake Ltd by way of a full repairing and insuring lease for a term of 20 years from September 2006 at a passing rent of £65,000 per annum exclusive and benefits from A3 consent. 96-98 Waterford Road is let to Wedding List Solutions Ltd on assignment from Hugh Mackay Carpets Ltd (Now Hugh Mackay Group Ltd) for a term of 25 years from 1999 with a tenants break clause at year 20 at a current passing rent of £63,000 per annum exclusive. There are six flats above currently producing a ground rent of £900 per annum. Total Passing Rent: £128,900 per annum |
| ACCOMMODATION |
Frontage: 37'6" 36' Depth: 36'11" 36'11" Ground: 1235 sq ft 1150 sq ft Lower Ground: 1465 sq ft 1322 sq ft Total: 2700 sq ft 2472 sq ft |
| TERMS | £1.85 million to show Yield of 6.96% |
| PRICE/RENT | £128900 pa Income |
| AVAILABLE | Now |