56 Fulham Palace Road, Hammersmith, London W6 9PH
MIXED USE INVESTMENT PROPERTY
This centre terraced building consists of a lock-up shop unit and a split-level two bedroom flat above. The building is currently let in its entirety on a 9 year lease from 20 July 2006 to the 19 July 2015 at a rent of £20,000 pa. In our opinion the property appears to be under-let and offers scope to increase the investment income within time, although prospective purchasers should make their own enquiries in this regard. The property forms part of a busy area with many local traders located just to the South of Hammersmith Broadway with its main shopping facilities, travel connections and station. The A4 that connects with the M4 and Central London is located within half a mile. The property is in need of some updating and does have a entrance to the rear that could be utilised to completely self-contain the upper residential part subject to obtaining any necessary consents that may be required. This lot will be sold with the benefit of the on-going income and will be of interest to investment purchasers.
Ground floor consists of lock-up shop unit currently trading as news agents/convenience store with rear storage of approx 600 sq ft. The upper parts consist of a split level flat with landing, spacious bathroom, roof terrace, kitchen and living room to the first floor. The upper floor consists of 2 bedrooms.
LOCAL AUTHORITY & TAX RATING
London Borough of Hammersmith & Fulham 020 8748 3020 Shop: Rateable Value £14,000 Flat: Council Tax Band: D
By appointment through the Auctioneers
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Please note that the following additional fees will apply to the purchase of your property:
1. Buyers Premium of £600 inclusive of VAT
2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
3. Stamp Duty - rates easily available on-line
4. Your solicitor fees and any survey fees
5. Insurance - it is your responsibility from the date of exchange to insure the property purchased.