107 Fulham Palace Road, London

Description

Mixed-use investment opportunity comprising a commercial unit on the ground floor and six self-contained flats. Conveniently located for the amenities of Hammersmith. Current rent producing £104,287.24 per annum. By order of the Fixed Charge Receivers. 7.3% gross initial yield on guide price.

Accommodation

Commercial unit on the ground floor and six self-contained flats. Accommodation as per the Tenancy Schedule.

Location

The property is located in the popular Hammersmith area, with a wide range of shops, cafés, restaurants and everyday amenities close by. The property is within easy reach of Hammersmith Broadway and the shopping and leisure facilities of King Street. Nearby green spaces include Ravenscourt Park and the extensive grounds of Fulham Palace. Hammersmith Underground Station is within close proximity, providing District, Piccadilly, Hammersmith & City and Circle line services, while numerous bus routes run along Fulham Palace Road.

Tenure / Property Information

Investment Analysis

The £1,350,000 guide is supported by a stated current rent of £104,287.24 per annum, producing a calculated gross yield of 7.73% on the guide. This differs from the auctioneer's stated 7.3% yield. The £1,200,000 sale of 105 Fulham Palace Road in November 2024 is relevant by location but no accommodation or use details are supplied. The other comparables are older or insufficiently comparable. A reliable GDV range cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Consider as a hold/income investment only after verifying the tenancy schedule, rent collection, leases, title, occupational arrangements, building condition and all auctioneer/seller charges. Do not rely on the stated yield without reconciling it to the rent and guide.

Works Required

No specific refurbishment works are identified in the supplied evidence. The property is occupied and rent-producing, so works should be limited to any items revealed by legal, tenancy, building and condition due diligence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because no supported GDV, refurbishment budget, financing terms or buyer/admin costs are available. The current income may support refinancing subject to lender treatment of the commercial unit, six flats, existing occupational arrangements and the property’s legal and valuation details.

Buy-to-Let Analysis

This is an income-producing mixed-use asset rather than a standard single-unit BTL. The stated current rent is £104,287.24 per annum, equivalent to £8,690.60 per month, and the calculated gross yield on the £1,350,000 guide is approximately 7.73%. Net yield cannot be established because operating costs, lease terms, voids, management costs, finance costs and auction charges are not supplied. No sufficiently specific external rental evidence is available.

Flip Analysis

A flip appraisal is not supported. No works requirement, floor areas, detailed accommodation schedule, resale evidence for this mixed-use configuration or selling-cost allowance is supplied. The existing income suggests an investment-led assessment is more appropriate than a refurbishment resale model, subject to due diligence.

Investor Risks & Due Diligence

• Buyer premium, VAT and other seller or auction charges are unspecified and may materially increase the acquisition cost.

• The stated 7.3% gross initial yield does not reconcile with £104,287.24 annual rent and the £1,350,000 guide, which calculate to approximately 7.73%.

• The tenancy schedule, lease terms, rent payment history and occupational arrangements are not supplied, so the current income cannot be independently assessed.

• The property combines a commercial unit and six flats; lender, valuation, management and regulatory treatment may differ from a standard residential investment.

• No condition, EPC, building-cost or operating-expense information is supplied.

• The available sold comparables lack sufficient accommodation and use detail for a reliable valuation comparison.

Recommendation

Consider as a hold/income investment only after verifying the tenancy schedule, rent collection, leases, title, occupational arrangements, building condition and all auctioneer/seller charges. Do not rely on the stated yield without reconciling it to the rent and guide.

Strategy Rating

Analysis Confidence

Current rent, guide price, tenure, use and limited nearby sales evidence are supplied, but there is no tenancy schedule, floor-area detail, lease information, condition report, operating-cost data, buyer fee, VAT position or sufficiently specific rental evidence. The stated 7.3% yield also does not reconcile with the supplied rent and guide.