777 Fulham Rd 3,762 SF 100% Leased Retail Building London SW6 5HA £675,000 (£179.43/SF) 7.10% Net Initial Yield

• Freehold building consisting of (1) a Ground Floor Retail Unit, (2) 2 X Flats, on upper floor sold-off (3 )1 X2 -bed Flat is under offer & (4)1 X Rear Mews unit. The retail unit can be purchased separately as a Virtual Freehold on a 999 years lease.
• Retail unit of 971 sq ft
• Let to Ludan Fulham Ltd (Franchisee for Mathnasium) on a 10yr FR&I lease from 29th November 2019 for a passing rent of £49,000 p.a.
• Tenant info: #1 Maths Tutoring Programmes & Homework Help (mathnasium.com)
• Mathnasium is one of the fastest growing franchises worldwide and the current tenant and the franchisee of Mathnasium has expanded to ownership of 3 franchises in South-West and West London areas within 5 years of taking up the current lease
• 2 Flats (sold-off) above have a 250yr lease each paying £250 p.a. with a total rental income of £500 p.a.
• 2-bed flat is under offer on a 250yr lease at Peppercorn Rent
• Rear Mews unit is on a 999 years lease at a Peppercorn Rent
• Total annual passing rent of £49,500 p.a.
• Located in an affluent part of Fulham, located close to Parsons Green Underground (3 mins walk) and midway between Fulham Broadway and Fulham High Street.
• Nearby retailers include Waitrose, Tesco Express, Sainsburys, Boots Pharmacy, Starbucks, Costa and a number of successful independent stores and restaurants
• VAT not applicable