The property comprises a mixed-use restaurant, retail and residential building at the corner of the junction of Fulham Road and Waldemar Avenue. The ground floor and basement of 764-766 Fulham Road trades as La Pizzica Italian restaurant. 764A Fulham Road is situated further down Waldemar Avenue and trades as Mc Donald Martin Hair. The upper parts consist of four flats which are sold off on long leases. The entrance for the flats at 764 Fulham Road are on Waldemar Avenue in between the entrance of the restaurant and the hairdresser and the entrance for the flats at 766 Fulham Road are on Fulham Road to the left of the restaurant.
Location
The property is located in the affluent London suburb of Fulham on the busy retail destination of Fulham Road and close to its junction with Fulham High Street and Munster Road. Fulham Broadway and Parsons Green are both less than a mile to the north east and Putney Bridge less than half mile to the south west, the other side of which is Putney High Street, one of South West London’s busiest retail destinations. Nearby occupiers include Shell, Sainsbury’s and Pizza Express, Putney Bridge Underground Station is 0.4 of a mile from the property (District Line) which provides excellent access to South West London: Earls Court, South Kensington and Victoria Train Station (Victoria/Circle Line).
Accommodation
The premises afford the following approximate net internal floor areas:
764-766 La Pizzica
Ground Floor - 95.43 sq m (1,027 sq ft)
Basement - 101.38 sq m (1,091 sq ft)
Mezzanine - 12.24 sq m (132 sq ft)
TOTAL - 209.05 sq m (2,250 sq ft)
764A - MCM Hair
Ground Floor - 25.22 sq m (271 sq ft)
Combined Total - 234.27 sq m (2,522 sq ft)
Terms
VAT - We understand the property is no elected for VAT.
EPC - Copies of Energy Performance Certificates for both the restaurant premises and retail unit are available upon request.
Proposal - We are instructed to seek offers in excess of £760,000 (seven hundred and sixty thousand pounds) equating to £301.35 per ft2 and reflecting a net initial yield of 5.45%, having allowed for purchaser’s costs at 5.49%.