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207 New Kings Road, SW6

207 New Kings Road, SW6 4SR
For Sale£2,500,000.00
Property type: Residential, Retail, Mixed use, Other Property Types & Opportunities
Tenure: For Sale Freehold
Price: £2,500,000.00
Location: 207 New Kings Road, SW6 4SR
• Parsons Green is an affluent suburb within the Borough of Hammersmith & Fulham, approximately 4 miles west of Central London and 0.5 mile from Kings Road
• Situated within an exclusive retail parade on the Peterborough Estate falling between both
Parsons Green and Eel Brook Common
• Less than a 4 minute walk to Parsons Green Underground Station
• Mixed use building comprising retail, residential, and a single garage to the rear
• Current passing rent of £94,629.96 p.a
• Not elected for VAT
• Freehold. The Freehold is held in a UK company structure; therefore the purchaser will be acquiring 100% of the shares in the company
• Potential to increase the rental income; extend the floor area of the building and convert the garage/ancillary space (STPP)
• We are instructed to seek offers in excess of £2,500,000 for our client’s freehold interest in the property, subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 3.72%, a reversionary yield of 4.62% and an equivalent yield of 6.78%, assuming purchaser’s costs of 1.50%
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