281-283 Lillie Road, Hammersmith 2 Retail Properties Offered at $571,698 in London

Investment Consideration:
Rental Income: £400 p.a.
ERV: £32,400 p.a. GIY: 7.62%
VAT is NOT applicable to this property
In same ownership for more than 30 years
Comprises vacant ground floor retail shop with basement (No.281)
Includes retail shop (No.283) and 3 residential flats above, all of which have been sold-off
Situated in the heart of a well-established antiques and galleries district, with occupiers nearby including Co-Op Food, Art Studio, Café, Dry Cleaners, Takeaway and many more.
Property Description:
Comprises vacant ground floor shop with basement (No.281), along with retail shop (No.283) and three residential flats above (No.281-283), all of which have been sold-off, providing the following accommodation and dimensions:
Shop No.281:
Ground Floor: 33 sq m (355 sq ft)
Basement: 33 sq m (355 sq ft)
Shop No.283: Sold-off
Flats No.281-283: Sold-off
Total Retail GIA: 66 sq m (710 sq ft)
Tenancy:
The retail shop (No.281) is at present vacant. ERV: £32,000 p.a.
The retail shop (No.283) has been sold-off for a term of 999 Years from 25th December 1991 with ground rent of £100 p.a.
The 3 residential flats at first and second floor (No.281-283) have been sold-off for a terms of 125 Years from 25th December 1991 with ground rent of £100 p.a. each (£300 combined).
Location:
The property is situated on the south side of Lillie Road, at its junction with Humbolt Road. West Kensington Underground Station (District Line) is situated 0.7 miles to the north-east and West Brompton Underground Station (District Line) is situated 0.6 miles to the east. In addition Fulham Broadway is located 0.9 miles to the south-east. The A3218 is immediately accessible, providing access to Fulham Palace Road (A219) in the west and North End Road (B317) in the east. The A4 is to the north providing access to the M4 and in turn the M25. Normand Park is readily accessible 0.1 miles to the east. The property is situated in the heart of a well-established antiques and galleries district, with occupiers nearby including Co-Op Food, Art Studio, Café, Dry Cleaners, Takeaway and many more.