Lot 6
Auction
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608 Fulham Road, Fulham, London, SW6 5RP

Auction
United Kingdom
Mixed Use
Commercial

*GUIDE PRICE £1,000,000

Bidding deposit £19,000 *fully refundable if unsuccessful bidder

Extension period added...

Auction Date 15 December
Closing Time 11:20:00 (GMT)

Property Viewings

Viewings have not yet been scheduled for this property.

Property Summary

  • Freehold retail and residential investment
  • Asset management opportunities
  • Established tenant and trading position
  • Popular and affluent South West London suburb
  • Close to Fulham Broadway and Parsons Green underground stations
  • Future development potential of the upper floors (subject to consents)
  • Ground floor let until 2031 (1)
  • Currently producing £41,000 per annum (2)

 

 

 

 

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
James Moorhouse
James Moorhouse
Joint Agent, here to help.

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
James Moorhouse
James Moorhouse
Joint Agent, here to help.

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Property description

A mid terraced building of traditional construction beneath a flat roof arranged over basement, ground and two upper floors. The retail unit is arranged as a ground floor sales area with ancillary storage, staff offices, kitchen area and WCs to the rear and additional storage at basement level. The previous tenant constructed a rear single storey extension some years ago.

The upper floors have separate access from Fulham Road and were originally arranged as one large 3/4 bedroom maisonette. They are currently arranged as 2x one bedroom flats with the second floor flat only being accessible via the first floor flat. 

Location

Fulham is an affluent and popular South West London suburb lying about 4 miles south west of Central London. It can be accessed via the A304, A308, A3218 and B317, the latter running south from the A4 (West Cromwell Road) providing direct access to the M4 motorway at junction 1 to the west. Numerous bus services serve the area and nearby Fulham Broadway and Parsons Green Underground Stations (both District Line) provide tube links in to Central London.

Fulham Road forms part of the A304 and is one of the principal retail thoroughfares in the area. The property forms part of an established retail parade on the north side of Fulham Road in between its junctions with Clonmel Road and Winchendon Road and within a five minute walk of Fulham Broadway. There are numerous local and national A1/2/3/4/5 (now Class E) operators trading in the area including Pizza Hut, Kwik Fit, Gails, Emma Bridgewater and Strutt and Parker.

Planning

Should vacant possession of the first floor flat be obtained in the future then the upper floors lend themselves to conversion either back to a single 3/4 bedroom maisonette or possibly two self contained two bedroom flats (subject to obtaining the necessary consents). It may also be possible to extend over the rear extension, again subject to obtaining the necessary consents. Prospective purchasers are advised to make their own enquires of the local planning authority, the London Borough of Hammersmith and Fulham (020 8753 1081) - www.lbhf.gov.uk

Tenure

Freehold

Additional Details

Address

Floor

Accommodation

Size

Tenancy

Rent (£ pa)

608 Fulham Road

Ground

Basement

Retail/ancillary

Storage

75.80 sq m (816 sq ft)

22.15 sq m (238 sq ft)

Let to Mariam Moshref t/a Fulham Pharmacy (on assignment) for 20 years from 01/07/2011 (1)

£35,000 (2) (3)

608a Fulham Road

First

One bedroom flat

65.00 sq m (699 sq ft) (5)

Informal tenancy (4)

£6,000

608b Fulham Road

Second

One bedroom flat

64.00 sq m (689 sq ft) (5)

VACANT

£0

TOTAL

  

226.95 sq m (2,442 sq ft)

 

£41,000

 

(1) There is tenant's break clause on 01/07/2026 upon the serving of no less then six months' notice. The 2021 tenant break clause was not operated.

(2) The rent increased from £21,000 per annum in July 2021

(3) There is a rent review on 01/07/2026

(4) We understand that an informal tenancy is in place to a sitting tenant who has been in occupation for approximately 20 years. Prospective purchasers are encouraged to refer to the legal pack and to make their own enquiries.

(5) The quoted floor areas for the flats have been obtained from the EPC certificates

VAT

Please refer to Legal Documents

Energy Performance Indicator

608 Fulham Road - Rating 75/Band C

608a - Rating 58/Band D

608b - Rating 58/Band D



*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,000 (inclusive of VAT)for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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