• Located in one of London’s most affluent boroughs

• Newly developed in 2021

• The property forms the ground floor retail offering for a luxury residential development

• Prominently located in a densely populated area

• Excellent transport links

• Let to two tenants on new FRI leases

• Total passing rent £38,500 per annum

• Lease lengths of 20 years and 15 years with no breaks

• £610,000, subject to contract

• 6% NIY

The property occupies a prominent position fronting Lillie Road, close to its junction with North End Road, in the heart of North Fulham. Lillie Road is an established location, occupied by a mix of national and independent retailers. Nearby occupiers include Superdrug, Paddy Power, William Hill, Co-operative food, The Gym, CEX, Greggs, McDonald’s and Iceland.

The property benefits from excellent communication links being an 8-minute walk from West Brompton Underground and National Rail station (District Line and West London Line). Fulham Broadway Underground Station (District Line) is approximately 1 mile (1.6 km) from the property. Numerous bus routes also serve the area providing easy access to Chelsea, Knightsbridge, the West End and other parts of London.

Stamford Bridge football stadium, the home of Premier League’s Chelsea Football Club, is approximately 0.6 miles (0.97 km) from the property.

The Hurlingham Club is less than 1.8 miles (2.9 km) from the property and is set within 42 acres of grounds and is recognised throughout the world as one of Britain’s most exclusive private members clubs.

The property comprises of two newly constructed ground floor retail units which form part of a high-end residential development, completed in 2021.

103 Lillie Road has been fitted out by the tenant as a guest and bridal shop with a sales area to the front. There is ancillary accommodation and WC to the rear.

105 Lillie Road has been fitted out by the tenant as a high-end barber shop with a sales area to the front. There is ancillary accommodation and WC to the rear. The property benefits from return frontage.

The upper parts comprise of nine residential units which are not included in the sale. For further information on the development see www.toymakersyard.co.uk.

The property is to be sold with the benefit of a 10-year Build Zone construction warranty which will be assigned to the purchaser on completion.

999-year long leasehold, from completion of this transaction and at a peppercorn rent.

103 Lillie Road is let to Aroussa Collection Limited (t/a Aroussa Collection) on a full repairing and insuring lease for a term of 15 years from 7th October 2021, expiring 6th October 2036. There are no break clauses and the lease benefits from 5 yearly open market rent reviews with the next being on 7th October 2026. The lease is personally guaranteed by Aneesah Azzouz.

The passing rent is £18,000 per annum which, based on our analysis, equates a Zone A rate of £34.61 per square foot.

A rent deposit equivalent to six months’ rent (£9,000) is held by the vendor and will be passed on to the purchaser.

105 Lillie Road is let to Butcher Boy Barbers Ltd (t/a Butcher Boys Barbers) on a full repairing and insuring lease for a term of 20 years from 28th August 2021, expiring 27th August 2041. There are no break clauses and the lease benefits from 5 yearly open market rent reviews with the next one being on 28th August 2026.

The passing rent is £20,500 per annum which, based on our analysis the passing rent equates a Zone A rate of £44.57 per square foot.

A rent deposit equivalent to seven months’ rent (£12,000) is held by the vendor and will be passed on to the purchaser.

The property has been registered for VAT and it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

We are instructed to seek a figure of £610,000 (Six Hundred and Ten Thousand Pounds), subject to contract, reflecting a net initial yield of 6%, assuming standard purchaser’s costs of 5.08%.

Please note that a purchaser will be re-charged the costs of the measured survey (£540 + VAT) and searches (£866.50), which are provided in the data room.

Please note that a purchaser will be charged a Transaction Fee of 1.0% of the Purchase Price plus VAT.

Access to the data room and for the ability to purchase online with speed and ease, please click the clicktopurchase® “C” icon or the clicktopurchase® side bar. Purchasers will be able to access the complete legal package, clear verification and submit legally-binding offers to acquire the property.

Purchasers benefit from the trust, security and transparency provided by the platform. All activities, including the online contract execution, will form part of the electronic audit trail which is anchored in the clicktopurchase® Blockchain.

clicktopurchase® provides the opportunity for any investor, whether located UK or abroad, to uniquely purchase online with ease and certainty. To learn more about clicktopurchase®, click here.

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