Commercial Property for sale

Tenure: Freehold

SALE COMPLETED - SIMILAR PROPERTIES REQUIRED FOR AWAITING PURCHASERS. Rare, extensive freehold building located on a prominent High Street position in Fulham close to Putney Bridge. The property currently benefits from part B1 and part D1 use and would potentially suit both these types of owner occupier users. There is also significant development scope to convert the accommodation to alternative uses such a mixed use scheme, subject to obtaining the necessary consents.

PROPERTY INFORMATION : LOCATION:

The property is located towards the south end of Fulham High Street positioned amongst a variety of shops, offices, bars, restaurants and residential buildings. The property is also within close walking distance of Putney Bridge Underground Station (District Line).

DESCRIPTION:

The property comprises an office building arranged as a mixture of open plan, cellular office space and D1 accommodation, with a small rear yard and central light well. The property is currently arranged as part office and part training/lecture rooms over basement, ground, first, second and third floor levels. As such, the property could suit owner occupier B1 (business) office or D1 (Educational) users subject to planning.

It is our belief that the property provides the opportunity to convert the majority of the accommodation to residential, or the opportunity for a complete demolition and rebuild of part or all of the property, subject to obtaining the necessary consents. Interested parties are advised to seek the opinion of a planning consultant or discuss the matter with the London Borough of Hammersmith and Fulham. Planning Enquiries can be made with the LB Hammersmith and Fulham duty planner on 0208 753 3440 or:

http://www.apps.lbhf.gov.uk/PublicAccess/propdb/property/property_searchresults.aspx?szSearchDescription=&isblpu_lpilist

ACCOMODATION

From the areas provided the property extends to the following approximate NET floors areas:

Basement 599 sq ft
Ground Floor Front 600 sq ft
Ground Floor Rear 1724 sq ft
First Floor Front 1084 sq ft
First Floor Rear 1070 sq ft
Second Floor Front 1038 sq ft
Second Floor Rear 1053 sq ft
Third Floor 758 sq ft
Total 7926 sq ft (Approximate GROSS total of 10,500 sq ft)

TENURE:

Our clients are looking to dispose of their Freehold interest in the property subject to the existing Leases in place at the Third Floor and First Floor front offices:

First Floor Front: 1 Year Licence from October 2010 at a passing rent of £15,000 per annum exclusive Third Floor: 5 Year Lease from August 2010 at a passing rent of £15,000 per annum exclusive

PRICE

We have been instructed to seek unconditional offers in the region of £2,000,000.