*Guide | £75,000+ (plus fees)
- Commercial Property
- Tenure: Important registration information: The leasehold title being sold is not currently registered at HM Land Registry. An application to register the lease was submitted but has since been cancelled by HM Land Registry following correspondence regarding outstanding registration issues. The position remains unresolved, and any further application will be subject to satisfying HM Land Registry's requirements. The successful buyer will acquire the unregistered leasehold interest and will need to take account of the outstanding registration issues and any further steps required to secure registration.
Call the team on 020 7625 9007 for more information
An Income Producing Investment Comprising a Well Located Advertising Hoarding on a Flank Wall Let to JCDecaux UK Ltd at £11,500 Per Annum, Reflecting a 15.33% Yield (Based on the Guide Price)
A long leasehold interest comprising the flank wall of a mixed-use building arranged over ground and two upper storeys. The wall accommodates an established commercial advertising structure operating since 2002 as a 48-sheet digital advertising display (having historically operated as an Ultra Vision rotating display and a scroller unit prior to digital conversion in 2018).
Tenure
Important registration information: The leasehold title being sold is not currently registered at HM Land Registry. An application to register the lease was submitted but has since been cancelled by HM Land Registry following correspondence regarding outstanding registration issues. The position remains unresolved, and any further application will be subject to satisfying HM Land Registry's requirements. The successful buyer will acquire the unregistered leasehold interest and will need to take account of the outstanding registration issues and any further steps required to secure registration.
Location
Situated on the south side of Lillie Road near its junction with Pellant Road, adjacent to Sir John Lillie Nursery and Primary School within the London Borough of Hammersmith and Fulham. Lillie Road forms part of the A3218, running west from West Brompton (District Line and London Overground services) towards Fulham Palace Road (A219), intersecting with North End Road and Munster Road. The immediate vicinity comprises a mixed-use commercial and residential locality benefitting from substantial pedestrian and vehicular traffic.
Tenancy
The advertising hoarding is let to JCDecaux UK Limited by way of a renewal lease for a term of 10 years commencing 19 August 2024, at a current passing rent of £11,500 per annum, payable quarterly. Prospective buyers are advised to inspect the legal pack for full covenants, user restrictions, repair obligations, and alienation provisions.
Current Rent Reserved
Current Rent Reserved £11,500 per annum
The leaseholders of a residential flat within the building are currently investigating reports of dampness and are in correspondence with the occupational tenant to ascertain whether any remedial works or temporary removal/adjustment of the advertising apparatus is required. This matter is ongoing, and any prospective purchaser will acquire the property subject to this ongoing dialogue and any associated tenant obligations or liabilities. Pursuant to the Estate Agents Act 1979 and relevant auction conduct rules, notice is hereby given that one or more directors of Auction House London hold a disclosable pecuniary or beneficial interest in this lot.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
