103 - 105 Lillie Road, London
Offers in excess of £2,500,000
Freehold mixed-use development for sale
Site area extending to circa 555m2 / 5,974ft2
Planning permission granted for a three-storey new build scheme comprising 9 residential apartments (2 x one-bed & 7 x two-bed units) totalling 6,122ft2 NIA and 2 ground floor retail units totalling 1,561ft2 GIA
Situated 0.4 miles from both West Brompton & West Kensington underground stations
Offers in excess of £2,500,000
The existing site is currently used as commercial storage and a hand car washing business which is no longer fit for purpose. The property now benefits from planning permission for the construction of a three-storey building on the Lillie Road frontage, providing two retail units and six flats and the erection of a three-storey building to the rear of the site providing three two-bedroom flats together with three off-street parking spaces.
The site is located in Fulham, South West London. Fulham has excellent potential for further growth due to its close proximity to two of Central London’s most important and exciting construction projects, The Earls Court Masterplan and Crossrail.
There is an excellent choice of pubs and restaurants in the area and Michelin starred eateries. For shopping, Fulham Broadway is half a mile away and caters for all shopping needs. For designer boutiques head to Fulham Road. A Virgin Active Gym is located in Normand Park just 0.2 miles away from the site. Fulham has a good selection of private and state schools, including Fulham Prep School, which is 0.5 miles away.
The area is well served by local transport including bus routes along Lillie Road itself. The site is within a 10-minute walking distance to three tube stations; West Kensington, Fulham Broadway and West Brompton, all on the District line. These stations offer connections to London Paddington, with links to Heathrow Airport and future Crossrail services. By car, the M4 is just 15-minites away.
Planning permission was granted on 4th August 2016 under the planning reference 2016/02771/FUL for the removal of the existing advertisement hoarding to the front of the site, and demolition of the existing retail storage (Class A1) and car wash buildings (Sui generis) to the rear, and redevelopment of the site to include the erection of a three-storey building on the Lillie Road frontage, to provide 2 x retail units (Class A1) at ground floor and 6 x self-contained flats (2 x one-bed and 4 x two-bed) at first and second floor levels, and the erection of a three- storey building to the rear of the site to provide three self-contained flats (3 x two-bed), together with three off- street car parking spaces (including 1 disabled space), and associated amenity spaces.
Can be adequately made from the public highway in the first instance.
Planning and other related documents will be sent in the form of an information pack that can be requested from a member of the Highfield team.
The property is liable for a Mayoral CIL and London borough of Hammersmith and Fulham CIL of £138,685.08
We understand VAT is not applicable.
Offers are invited in excess of £2,500,000 for the freehold interest.
Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.