474–476 Fulham Road, Fulham, London SW6 1BY

Description

12,369 sq ft Vacant Public House in the heart of Fulham with Potential Residential Development 4 Week Completion An attractive late-Victorian building comprising a former Public House and Private Members Club on ground floor, basement/cellar, first, second and third floors. The property also includes an external area at the rear of the ground floor, a terrace on first and second floors and an expansive roof terrace on the third floor. In addition to the entrance to the ground floor public house, the property includes two further front entrances, one leading directly to the first, second and third/roof terrace floors and one leading to just the first and second floors.

Accommodation

GIA Internal: Ground Floor Former Public House Gross Frontage 63'8" Built Depth 59'11" GIA Approx. 3,123 sq ft incl. WCs Basement/Cellar GIA Approx. 2,034 sq ft First Floor Former Bar & Restaurant GIA Approx. 2,440 sq ft incl. WCs Second Floor Former Member's Club GIA Approx. 1,737 sq ft incl. WCs Third Floor GIA Approx. 121 sq ft Total GIA Approx. 9,455 sq ft External: Rear Ground Floor Beer Garden & Corridor Area Approx. 440 sq ft Rear First Floor Terrace & Flat Roof Area Approx. 714 sq ft Rear Second Floor Terrace & Flat Roof Area Approx. 612 sq ft Third Floor Roof Terrace & Flat Roof Area Approx. 1,148 sq ft Total External Area Approx. 2,914 sq ft Total of Internal & External Areas Approx. 12,369 sq ft

Location

Located at the busy intersection with Fulham Broadway and Harwood Road, adjacent to the recently renovated Wetherspoons Pub and amongst numerous hospitality operators and retailers including Five Guys, Gail's, Taco Bell and the Fulham Broadway Retail Centre which houses Sainsbury's, Starbucks and Pret a Manger. Fulham Broadway Underground Station (District Line) is only approx. 100 yards away and Chelsea's Stamford Bridge Football Stadium is less than ¼ mile distant. Fulham is an affluent and sought after area of south-west London between Chelsea and Putney located approx. 4 miles from Central London.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development / Repositioning. Verify the legal pack, tenancy schedule, title, condition, finance and local market evidence before fixing a maximum bid.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, repairs, decoration and any structural, roofing, fit-out, common-parts or development works identified.

Rental & Market Context

Where the auctioneer publishes passing rent, that figure should take priority over HB modelling. Otherwise, HB income/value figures are indicative appraisal ranges and require local verification.

Sold within approximately 5 miles

Check recent HM Land Registry transactions and closely matched commercial or residential comparables for tenure, covenant, size, condition and location.

Potential BRRR Position

Refinance potential depends on lender valuation, lease/title, income covenant, completed condition and stress testing. Commercial and mixed-use assets may require specialist finance.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the complete legal pack and special conditions

• Verify tenure, occupational leases and rent schedule

• Inspect condition and obtain contractor quotations

• Confirm planning/use class and development constraints

• Confirm finance, VAT and insurance position

• Allow for Barnett Ross administration fee and any seller costs in the legal pack

Recommendation

Proceed only where verified total project cost and income support the intended development / repositioning strategy with adequate contingency and margin.

Strategy Rating

Commercial Income: ★★★★☆ | Development: ★★★☆☆ | Resale: ★★★☆☆