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152-156 Fulham Palace Road, London, W6 9ER

  • Auction
  • Lot 9
  • United Kingdom
  • Mixed Use
  • Commercial

Guide Price £3,850,000

Property Summary

  • Rarely available freehold mixed use investment
  • Affluent London suburb
  • Prominent corner position opposite Charing Cross Hospital
  • Includes nine flats, two retail units plus a further single storey flat
  • Asset management opportunities and potential for rental uplifts
  • In the same family ownership since it's construction in the 1920s
  • Producing £214,050 per annum

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
James Moorhouse
James Moorhouse
Joint Agent, here to help.
Philip Askew
Vendor's Solicitor

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
James Moorhouse
James Moorhouse
Joint Agent, here to help.
Philip Askew
Vendor's Solicitor

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Property description

A substantial period building of traditional construction arranged over basement, ground, raised ground floor and two upper floors. The ground floor is arranged as two retail units with one being a double unit and the other having the benefit of return frontage to Parfrey Street. The upper floors and raised ground floor are arranged as nine flats providing a mix of one and two bedroom units with two ground floor access points from Fulham Palace Road and Parfrey Street.

Additionally there is a large flat to the rear with independent access from Parfrey Street. We understand that this was formerly a storeroom that has been converted by the tenant and whilst has planning permission for this use is in breach of a number of their lease obligations. This area could offer further development potential, possibly as flats or a townhouse and prospectove purchasers are advised to make their own enquiries in this regard.

Additional information is available in the attached brochure.

Location

The London Borough of Hammersmith and Fulham is an affluent London suburb lying to the west of Central London that can be accessed via the A4 (Talgarth Road) and Fulham Road (A308). The subject property lies on Fulham Palace Road (A219), which runs south from Hammersmith Broadway and which in turn provides a major transport hub and shopping centre. Hammersmith Broadway provides underground services via the Circle, District, Piccadilly and Hammersmith and City Lines as well as being a major bus terminal.

The property lies on the west side of Fulham Palace Road at its junction with Parfrey Street opposite Charing Cross Hospital and within a few minutes' walk of Hammermsith Broadway. The River Thames lies just to the west where eateries and amenities along the Thames Path include River Cafe, the Crabtree Public House, Sam's Brasserie and Riverside Studios.

Planning

London Borough of Hammersmith and Fulham (020 8753 1081) - www.lbhf.gov.uk

Tenure

Freehold

Additional Details

AddressSq MSq FtAccommodationTenancyRent (£pa)
152 Fulham Palace Road (including basement of 152, 154 and 156)230.88 2,484Retail/ancillaryLet to Bella Boos Soft Play Ltd for a term of 25 years from 08/02/2008 (1)£15,750 (2)
154-156 Fulham Palace Road188.682,030RetailLet to individuals t/a Bury Food and Wine for a term of 15 years from 01/10/2010£30,000 (3)
Flat to the rear of 152-156 Fulham Palace Road (former storeroom)107.451,156 Let to an individual for a term of 21 years from 08/02/2008 (4)£6,000 
1 James Wendon House46.84504Two bedrooms, living room, ktchen, bathroom/WCPeriodic tenancy commencing April 2019£19,200
2 James Wendon House43.65470Two bedrooms, living room, kitchen, bathroom/WCPeriodic tenancy commencing May 2017£18,960
3 James Wendon House48.57523Bedroom, living room, kitchen, bathroom/WCPeriodic tenancy commencing May 2020£15,660
4 James Wendon House40.87440Studio flat - bedroom/living room, separate kitchen, bathroom/WCAST commencing 30/09/2023£18,960
5 James Wendon House49.22530Bedroom, living room, kitchen/diner, bathroom/WCPeriodic tenancy commencing August 2020£17,280
6 James Wendon House41.81450Studio flat - large living room/bedroom. separate kitchen, bathroom/WCPeriodic tenancy commencing April 2022£16,800
156A Fulham Palace Road45.73492Split level flat -  bathroom/WC, bedroom, living room, kitchenAST commencing 09/10/2023£17,160
156B Fulham Palace Road41.52447Living room, kitchen, bathroom/WC, bedroomAST commencing January 2023£19,680
156C Fulham Palace Road41.53447Living room, kitchen, bathroom/WC, bedroomAST commending 21/10/2023£18,600
Total926.759,973  £214,050

(1) On assignment (refer to legal pack)

(2) The rent reviews due on 01/06/2013, 2016, 2019 and 2022 remain outstanding

(3) The rent reviews due on 01/06/2013, 2016, 2019 and 2022 remain outstanding

(4) Formerly a storeroom converted by the tenant to residential and obtained retrospective planning consent and a Deed of Variation permitting use as a flat. The tenant is in breach of a number of their lease obligations. Mechanism for rental uplift in place and not triggered. Planning consultants have advised
there is strong potential to redevelop the premises into a townhouse or flats.

 

VAT

Please refer to Legal Documents

Energy Performance Indicator

Please refer to Legal Documents

Helpful links

*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 £2,400 (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 acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to 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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