KING’S ROAD | 564 LONDON SW6 2DY

RARE FREEHOLD INVESTMENT OPPORTUNITY KING’S ROAD | FULHAM RARE FREEHOLD INVESTMENT OPPORTUNITY 564 LONDON SW6 2DY

INVESTMENT SUMMARY

Situated on the world renowned King’s Road Attractive corner position with external front forecourt Successful and well established restaurant & bar Rental and capital growth potential

TOTAL CURRENT INCOME £78,150 P.A. | GUIDE PRICE £1,550,000

LOCATION The property is situated on Bar & Restaurant and Megan’s the north side of the world Delicatessen & Restaurant. renowned King’s Road, regarded as one of London’s premier retail DEMOGRAPHICS destinations, stretching from The property benefits from a Chelsea to Fulham. It is one of highly affluent local catchment the Capital’s most desirable and population, with a significantly affluent places to live and work, high proportion of AB category in addition to being a globally households (Higher, managerial, recognised retail destination. administrative, professional This section of King’s Road is occupations), 42.6% compared to within the sought after Chelsea the national average of 22.2%. Design Quarter, which includes The area is categorised by occupiers specialising in home working aged professionals, furnishing, antiques and art. with 54% aged 20-44 and 45.9% Surrounding specialist retailers of employed residents working include, Parker & Farr, Drummonds, within higher managerial/director Trowbridge Gallery, Waterworks, professional roles. George Smith and Guinevere, as well as a vibrant mix of cafés, delicatessens, restaurants and bars KNOWN AS ONE OF LONDON’S such as The Imperial, The Jam Tree £ MOST AFFLUENT BOROUGHS KING’S ROAD | FULHAM RARE FREEHOLD INVESTMENT OPPORTUNITY 564 LONDON SW6 2DY

DESCRIPTION TRANSPORT ACCOMMODATION The property comprises a corner five Transport links are excellent. Both and direct links to 50 Rail and Restaurant & bar Sq m Sq ft storey mixed use building arranged Fulham Broadway and Imperial Underground stations, adding Ground Floor 82.00 883 over ground and basement as a Wharf stations are located within billions of pounds to the economy. Basement 31.90 343 Total 113.90 1,226 restaurant & bar, with first, second walking distance, providing The A4 is situated approximately and third floors as a self - contained access to the District Line, London Front forecourt 15.27 164 1 mile north of the property, Rear Courtyard 40.14 432 2 bedroom flat sold off on a 125 year Overground and providing access to the M4 to the long leasehold. The restaurant & bar services. is Residential 2 bed flat west and central London to the has been successfully trading on the just south of the property, which First, second and east. The A3 is approximately 1.5 street for over 20 years and in July provides regular river bus services third floors 122.50 1,318 miles south of the property, which 2013 agreed to a new 25 year lease. to Putney and Blackfriars. Sold off on 125 year lease provides direct access to the The premises accommodates 50 covers The proposed route of Crossrail South Circular, M4 and on ground together with a fully fitted 2 to serve London and the South in turn the M25 kitchen and WC facilities at the rear East is planned to be operational in motorway. and basement for storage purposes. 2030, which includes a new There is an attractive forecourt at the £1bn station, a short walk away front used as additional seating for from the property. This will further 20 covers with a rear courtyard, which improve links and reduce travel could be utilised to be extended or times significantly, with up used as additional external seating. to 30 additional trains per hour

District WIMBLEDON FULHAM PADDINGTON VICTORIA 564 Line 15 mins BROADWAY 14mins 16mins SW6

London IMPERIAL (OLYMPIA) SHEPHERD’S BUSH Overground 8 mins WHARF 6 mins 11 mins

Southern WEMBLEY CENTRAL IMPERIAL BALHAM WEST CROYDON Line 25 mins WHARF 16 mins 39 mins

Proposed KINGSTON CLAPHAM CHELSEA VICTORIA EUSTON Crossrail 2 JUNCTION KING’S ROAD ST. PANCRAS KING’S ROAD | FULHAM RARE FREEHOLD INVESTMENT OPPORTUNITY 564 LONDON SW6 2DY

Proposed Crossrail 2 station CHELSEA FOOTBALL CLUB 12 MILLION FULHAM BROADWAY FULHAM FOOTFALL P.A. BROADWAY 2

8

7

6 5

4

3 564 SW6

WALHAM 1 Chelsea Harbour Design Centre GREEN 1

2 Stamford Bridge

3 Parker & Farr

4 Christopher Wray IMPERIAL WHARF

5 The Imperial CHELSEA 6 Trowbridge Gallery HARBOUR PIER 7 Megan’s Delicatessen & Restaurant

8 The Jam Tree Bar & Restaurant KING’S ROAD | FULHAM RARE FREEHOLD INVESTMENT OPPORTUNITY 564 LONDON SW6 2DY

REGENER ATION The Borough is projected to be a major contributor to the capital’s economic growth over the next decade. Major developments include: The Old Oak (Park Royal) Opportunity Area is to be massively transformed after 1 was named as southern ’s main high speed rail station, the only place where HS2 meets Crossrail. Significant redevelopment includes new transport, social infrastructure, new housing and jobs around the new HS2 Rail link interchange. Major regeneration at the 564 2 White City Opportunity Area SW6 includes a new research campus, space for media businesses, a new department store, hotels, shops, restaurants and leisure facilities. Additionally a £1bn+ retail and world class residential expansion to 3 Westfield London 4 town centre will The 5 Earl’s Court Opportunity 6 South Fulham (Riverside) Shopping Centre, which already benefit from significant investment, Area will see a major Regeneration Area continues to hosts the world’s best retailers and including state of the art theatre transformation with new housing be transformed creating new high department stores is underway. facilities. The King’s Mall shopping and the creation of four urban quality buildings integrated with The shopping centre will increase centre is enjoying a number of ‘villages’. The £8bn investment new homes, green spaces, leisure to a total of 2.8m sq. ft. with retail high profile new shops opening in includes a two-hectare park. and community uses. sales set to increase to £1.4bn and addition to new homes, a cinema footfall to 39m annual visitors. and high quality office space. KING’S ROAD | FULHAM RARE FREEHOLD INVESTMENT OPPORTUNITY 564 LONDON SW6 2DY

PLANNING The ground and basement benefits from A3 (Restaurant) use with the upper residential flat having C3 (Residential) use. TENURE Freehold TENANCY The restaurant/bar is let to Francesco D’Alessio trading as L’Antico Café, restaurant & bar for a 25 year Full Repairing and Insuring lease from 22nd July 2013, 5 yearly upward only rent reviews at a passing rent of £78,000 p.a. The upper 2 bedroom flat arranged over first, second and third floors has been sold off on a long leasehold for a term of 125 years from 25th December 1989. Current passing ground rent of £150 p.a. to 24th December 2039 rising to £200 p.a. for the next 25 years, £250 p.a. for the next 25 years and £300 p.a. for the remainder of the term. EPC GUIDE PRICE The Energy Performance £1,550,000 (One Million Certificates and Five Hundred and Fifty Recommendation reports Thousand Pounds) subject are available on request. to contract and exclusive of VAT, which reflects FURTHER INFORMATION VAT a net initial yield of The property is elected for 4.75% assuming normal Via sole agents VAT. purchaser’s costs of 6.12%. Paul Connaghan [email protected] Elliott Brighton [email protected]

Disclaimer These particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute any offer nor form part of any contract. 020 8858 9303