Fulham Road, London SW6 5SJ

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2 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). Description: 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 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.

3 Accommodation: The premises afford the following approximate net internal floor areas: La Pizzica MCM Hair 764 A TOTAL Fulham Road m 2 ft 2 m 2 ft 2 m 2 ft 2 Ground Floor , ,299 Basement , ,091 Mezzanine TOTAL , ,522 Residential: Access to the residential parts was not afforded.

4 Tenancy Schedule: La Pizzica Fulham Road McDonald Martin Hair 764A Fulham Road 764B Fulham Road 764C Fulham Road 766A Fulham Road 766B Fulham Road Tenant La Pizzica Restaurant Limited MCM Hair Ltd Christopher Michael James Lloyd Richard Gwynne Smith Gareth Alan Burden & Roisin Quinn Penelope Sarah Berliand Unit Status Annual Rent TOTAL: Total Annual Income: 43,700 Lease Commencement Let 35, March 2013 Let 8, October 2013 Term Rent Review Lease End 15 years (10 years 6 months unexpired) 20 years (16 years 1 month unexpired) Let November years Let March years Let February years Let June years AWULT (Commercial Leases): 13 years 3 months Every 3 years, upward only, in line with Open Market Rent. Next Review: March 2019 Every 5 years, upward only, in line with Open Market Rent. Next Review: October p.a. up to 21 November Thereafter increasing to 150 p.a. and doubling every 33 years thereafter. 75 p.a. for the first 33 years of the term. 100 p.a. for the second 33 years of the term and 125 p.a. thereafter. 75 p.a. until 25 February p.a. until 25 February 2054 and 200 thereafter. 75 p.a. for the first 33 years of the term. 150 p.a. for the second 33 years of the term and 200 p.a. thereafter. 27 March October 2033 Break Clause At the end of the fifth year of the term At the end of every fifth year of the term Repairing Covenant Full Repairing and Insuring Full Repairing and Insuring Security of Tenure Within the provisions of s of Part II of the Landlord and Tenant 1954 Act Within the provisions of s of Part II of the Landlord and Tenant 1954 Act 23 November 2119 N/A N/A N/A 24 March 2084 N/A N/A N/A 25 February 2115 N/A N/A N/A 23 June 2086 N/A N/A N/A (Shorter Residential Long Leases have all been extended - counterpart documentation awaited)

5 ERV: Having carried out research into rental values in the local vicinity and surrounding area, we believe the estimated rental value for the A3 restaurant premises to be in the region of approximately 40,000-45,000 p.a. and there is a rent review in March The A1 retail hairdresser unit, we believe to be worth an annual rent of approximately 9,500 p.a. Including ground rent income, we therefore believe the total ERV to be in the region of 52,500 p.a. With rent reviews in March 2019 and October 2018 respectively there is the potential to produce a reversionary net yield in excess of 6.5%. Asset Management: The restaurant lease to La Pizzica has a 3 yearly upward only rent review pattern, with 10 years and 6 months unexpired, there are three more rent reviews to take advantage of before the end of the term. The next being March The lease to McDonald Martin Hair has 16 years unexpired, the next rent review is in October 2018 with two more before the end of the term. In addition to the rental growth to take advantage of over the term, there is potential to convert the A1 retail unit to residential at the end of the term, subject to planning approval. The unit is situated on a residential street and is entirely surrounded by neighbouring residential property.

6 VAT: We understand the property is not 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 per ft 2 and reflecting a net initial yield of 5.45%, having allowed for purchaser s costs at 5.49%. Further Information & Viewing: If you require further information or wish to inspect, please contact: Ed Jeffs Kinleigh Folkard and Hayward Tel: KFH House DD: Compton Road ejeffs@kfh.co.uk London SW19 7QA web: Important Notice: Whilst these particulars are believed to be correct, they are provided merely as a general guide to the property and do not and shall not hereafter become part of any offer or contract. Any person with an interest in the property should satisfy themselves as to any matters concerning the premises by inspection or otherwise as to their correctness. Neither Kinleigh Folkard and Hayward nor any of their employees or agents have authority to make or give any representation or warranty in relation to the property. September 2017