Development PotentialFulham London SW6 7SX
For SaleGUIDE PRICE £6,000,000
The property is located on the Southern side of Lillie Road (A3218), just to the West of the junction with North End Road (B317).
West Brompton Station is just under a half a mile walk with connects to District Line, Overground and Southern Rail services. West Kensington and Fulham Broadway Stations (District Line) are also both within half a mile. Several local bus routes run along these roads with sports clubs and Charing Cross Hospital.
A rare opportunity to acquire an unbroken freehold with a mixed- use parade of buildings in a fantastic location.
The properties comprise of 11 adjoining two storey buildings with obvious active management and development potential (stpp).
Nine of the buildings are under-let to a variety of local tenants, whilst vacant possession of the remaining two buildings will be provided on completion.
Development potential STPP to self-contain and convert the upper levels of each building to residential use, extend the first floor accommodation and/or develop the airspace on a piecemeal or comprehensive basis.
A total redevelopment of the entire site appears a longer term prospect, whilst speculators will be attracted by the short term break-up potential.
At present, the nine existing leases comprise both the ground and first floors of each property. Potential exists to create a self-contained apartment in the upper levels of each building, and indeed several of the lease holders have successfully secured planning permission to self-contain their first floor accommodation. Each of the first floors could be extended to the rear, and the air space above each property exploited further to create a second residential unit (stpp)
Currently Producing £217,350 Potential earnings £275,450 pa