Commercial/Retail
Fulham, SW6 London
This building in Fulham comprised 3 residential flats and a commercial space. After acquiring this space in 2016, we improved the layout in order to maximize the space and refurbished the unit to a very high-end standard, with bespoke furniture and most of the materials coming directly from Italy. Once ready we rented out the premise on a long-term lease and we then sold the asset to a wealthy investor through our letting and sales in-house department.
- Site acquired at £235,000 as an A1/A2 commercial unit in shell conditions and in need of refurbishment works.
- Layout improved in order to maximise the internal space and refurbished to a high-end standard (costs £40K).
- Let at a long-term (15 years) FRI lease outside the Landlord & Tenant Act at £24,500 per annum.
- Initial rental yield at 10.2% of the purchase price.
- Asset sold to a high-net-worth property investor at £368,500 at 40% ROI
40%
Return on Investment
10.2%
Initial Rental Yield Unleveraged
