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The property comprises a high yielding, rarely available, retail investment opportunity situated in the affluent West London borough of Fulham and fronting a high footfall pitch.
Arranged as a ground floor retail unit the property is let to Randolphe Limited, a boutique clothing and interiors retailer, on a six year lease expiring 05.03.2030 and paying £12,500 per annum.
The property occupies prominent pitch fronting the high footfall Dawes Road in Fulham. The area is characterised by a mix of boutique and national retailers and residential use including flats and houses.
Tenure
Long Leasehold - 999 Years from 20.03.2025 - Ground Rent of £200 p.a.
Tenancy
The Property is Let to Randolphe Limited and the Lease Expires 05.03.2030 and paying £10,500 per annum.
The lease includes fixed uplifts to £11,500 per annum in 2027 and £12,500 per annum in 2029. The Vendor will "top up" the rent to £12,500 per annum from completion.
The lease is on effective full repairing and insuring terms and is contracted outside of the Security of Tenure provisions of the Landlord and Tenant 1954 Act. The lease includes a tenants break option 06.03.2027.
Rent