Property photos
Offers over
£540,000
(£618.56/sq. ft)
Retail premises for sale
New Kings Road, London SW6873 sq. ft
Local area information
Property location
Nearby amenities
- Sulivan Primary School 0.1 miles
- Lady Margaret School 0.1 miles
- Parsons Green 0.2 miles
- Fulham Broadway 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Parson's Green, Fulham and Sands End to find out more about the local area.
Features and description
Located in a in a prime and highly visible Parson’s Green location on the most desirable stretch of the New King’s Road between the junctions with Chiddingston Street and Bradbourne St. This rarely available opportunity offers the opportunity to acquire a prime asset with excellent prospects for rental growth. Nearby occupiers include Savills, Hamptons, Knight Frank, Bailey & Sage, Oree, Hari’s, Friarwood Wine Merchants together with an excellent local independent retailers, cafes, and restaurants. The area is served by Parson’s Green tube station (District Line) with several major bus routes being within walking distance.
Tenant Covenant:
Having traded from the adjacent
property since 2015, and become
a stalwart of the local area, the
company expanded into the
subject property in July 2022 to
increase the services offered to
include cutting edge aesthetic
treatments using leading
technology to improve skin
wellness.
Lease Terms:
The property is occupied by a
way of a ten year Fri Lease at
£33,000 per annum from 28th
June 2022 with a tenant break
option on 28th June 2027. There
is an option to review the rent
with standard hypothetical
assumptions and disregards at
the fifth anniversary of the Term.
Proposal:
We are instructed to seek offers
in excess of £540,000 (Five
Hundred and Forty Thousand
Pounds) subject to contract
for the Virtual Freehold of the
retail space. A purchase at this
level reflects an attractive Net
Initial Yield of 5.75%, assuming
purchasers costs of 6.70%.
Tenant Covenant:
Having traded from the adjacent
property since 2015, and become
a stalwart of the local area, the
company expanded into the
subject property in July 2022 to
increase the services offered to
include cutting edge aesthetic
treatments using leading
technology to improve skin
wellness.
Lease Terms:
The property is occupied by a
way of a ten year Fri Lease at
£33,000 per annum from 28th
June 2022 with a tenant break
option on 28th June 2027. There
is an option to review the rent
with standard hypothetical
assumptions and disregards at
the fifth anniversary of the Term.
Proposal:
We are instructed to seek offers
in excess of £540,000 (Five
Hundred and Forty Thousand
Pounds) subject to contract
for the Virtual Freehold of the
retail space. A purchase at this
level reflects an attractive Net
Initial Yield of 5.75%, assuming
purchasers costs of 6.70%.
More information
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