A rare freehold development opportunity currently with mixed commercial and residential uses.
A rare opportunity to acquire a freehold investment and development opportunity in Chelsea.
Essentially two adjoining buildings, currently configured with two independent commercial retail premises on the ground floor, with two further residential flats arranged over the first and second floors, each arranged laterally.
With a gross internal area of circa 786 sq ft, accommodation for flat 1 on the first floor comprises three bedrooms, two bathrooms, a reception room and separate kitchen. This property is currently let, with the tenancy due to run until 24th November 2021 with the current rent paid as £1,650.00 per month.
With a gross internal area of circa 604 sq ft, accommodation for flat 2 on the second floor comprises two bedrooms, a bathroom, reception room and separate kitchen. This property is currently let, with the tenancy due to run until 2nd July 2021 with the current rent paid as £1,661.66 per month.
The commercial unit of 352 Fulham Road measures to circa 231 sq ft; Current rent is at £10,000 pa with the lease due to run until July 2022.
The commercial unit of 354 Fulham Road measures to circa 468 sq ft and is currently let as a A1 retail unit; Current rent is at £15,000 pa with the lease due to run until May 2023.
The basement flat measuring to circa 1269 sq ft has been sold independently on a long leasehold interest with approximately 109 years remaining. Whilst we are not formally instructed to market his property we are connected with the vendor and know that there may be a willingness to sell by separate negotiation.
View payable Stamp Duty for this property
A great investment opportunity in an iconic locationGeorge Lee