Commercial Property For Sale
Munster Road is also located within walking distance of the Hammersmith Riverfront. With historic & waterside pubs such as the The Dove, The Old Ship and the most recent Blue Boat. Famous venues such as the Riverside Studios an d the upmarket restaurants. Brasserie Blanc by celebrity chef Raymond Blanc and Michelin listed Sam’s Brasserie and River Café. There is also the world famous Hammersmith Apollo. The wonderful Bishops Park and the Thames Path is very close by which is great for walking, running and cycling.Munster Road is situated between the A304 Fulham Road and the A3218 Lillie road running parallel with the A219 Fulham Palace Road. The immediate area is a mixed-use commercial and residential location. The property is situated close to the junction with Chaldon Road. Fulham Broadway is 0.8 miles to the east of Fulham Broadway underground station (District Line). Parsons Green Underground Station (District Line) is 0.8 miles to the south. The A4/M4 is accessed via the A219 Fulham Palace Road and is approximately 1 mile north along with Hammersmith Broadway Station (Piccadilly) and District Lines) which provide direct access to Heathrow Airport.
The property is arranged over ground and 2 upper floors and is constructed of traditional brick elevations under a pitched roof with flat roof sections. The ground floor comprises a self contained Auction showroom and the remainder of the building provides 4 unique apartments. To the rear of the ground floor there is an amazing 3 bedroom split ;level maisonette extending over 2200 sq ft and having its own external spaces. This warehouse style apartment has its own access of Chaldon Rd and 2 car park spaces.
We believe the premises fall under Class E and C3 use of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020
The property offers the following (NIA) approximate dimensions
Floor Sq.M. Sq.Ft.
Ground Floor Commercial 170.00 1,830
Flat 1 55.09 593
Flat 2 134.99 1,453
Flat 4 207.92 2,238
Total: 634.51 6,830
Commercial unit is let to Charles Miller Limited for term expiring on 18th September 2028 with tenant only break at 19th September 2026. Current passing rent £42,500 pa. The landlord holds a rental deposit of 3 months( £10,625). Charles Miller Ltd is the United Kingdom's only specialist auction house dedicated to the sale of marine,maritime, nautical and scientific antiques. https://www.charlesmillerltd.com/
Flat 1 Let on AST £28,152 pa ERV £33,000 pa
Flat 2 Vacant ERV £42,000 pa
Flat 3 Vacant ERV £33,000 pa
Flat 4 Vacant ERV £51,996 pa
ERV £202,496 PA WHEN FULLY LET
Freehold and part leasehold for a term of 999 year from 1st January 2000 at a peppercorn rent.
Offers are invited in excess of £3,850,000 subject to the existing tenancies. A purchase at this level will provide a NIY of 7.55% for the commercial element whilst placing the residential at a realistic £664.00 per Sq Ft. when comparing to the local market which is approximately £943 per sq ft.
The Energy performance certificate have the following ratings: Commercial Unit D(82), Flat 1 D (60), Flat 2 D (63), Flat 3 D (55) & Flat 4 D (55). A copy of the EPC's is available upon request.
May be applicable at the prevailing rate.
party to bear its own legal costs.
In accordance with Anti-Money Laundering Regulations, we shall require additional information from the purchaser/tenants so that an online verification can be undertaken.