Lot 55
    Commercial Property
    Advertising Hoarding at 245
    Lillie Road, Hammersmith and Fulham, London, SW6 7LN
    £75,000+
    Guide Price (plus fees)
    Number 1
    An Income Producing Investment Comprising a Well Located Advertising Hoarding on a Flank Wall Let to JCDecaux UK Ltd at £11,500 Per Annum, Reflecting a 15.33% Yield (Based on the Guide Price)
    To be offered on 11th November 2026

    Description

    A long leasehold interest comprising the flank wall of a mixed-use building arranged over ground and two upper storeys. The wall accommodates an established commercial advertising structure operating since 2002 as a 48-sheet digital advertising display (having historically operated as an Ultra Vision rotating display and a scroller unit prior to digital conversion in 2018).

    Tenure

    Important registration information: The leasehold title being sold is not currently registered at HM Land Registry. An application to register the lease was submitted but has since been cancelled by HM Land Registry following correspondence regarding outstanding registration issues. The position remains unresolved, and any further application will be subject to satisfying HM Land Registry's requirements. The successful buyer will acquire the unregistered leasehold interest and will need to take account of the outstanding registration issues and any further steps required to secure registration.

    Location

    Situated on the south side of Lillie Road near its junction with Pellant Road, adjacent to Sir John Lillie Nursery and Primary School within the London Borough of Hammersmith and Fulham. Lillie Road forms part of the A3218, running west from West Brompton (District Line and London Overground services) towards Fulham Palace Road (A219), intersecting with North End Road and Munster Road. The immediate vicinity comprises a mixed-use commercial and residential locality benefitting from substantial pedestrian and vehicular traffic.

    Tenancy

    The advertising hoarding is let to JCDecaux UK Limited by way of a renewal lease for a term of 10 years commencing 19 August 2024, at a current passing rent of £11,500 per annum, payable quarterly. Prospective buyers are advised to inspect the legal pack for full covenants, user restrictions, repair obligations, and alienation provisions.

    Current Rent Reserved

    Current Rent Reserved £11,500 per annum

    Note

    The leaseholders of a residential flat within the building are currently investigating reports of dampness and are in correspondence with the occupational tenant to ascertain whether any remedial works or temporary removal/adjustment of the advertising apparatus is required. This matter is ongoing, and any prospective purchaser will acquire the property subject to this ongoing dialogue and any associated tenant obligations or liabilities.

    Pursuant to the Estate Agents Act 1979 and relevant auction conduct rules, notice is hereby given that one or more directors of Auction House London hold a disclosable pecuniary or beneficial interest in this lot.

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    Purchase Price£75,000
    Monthly Rent£0
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    For illustration only. Seek independent financial advice before making decisions.

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    Additional Fees and Disclaimer

    Administration charge: £1,800 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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    An Income Producing Investment Comprising a Well Located Advertising Hoarding on a Flank Wall Let to JCDecaux UK Ltd at £11,500 Per Annum, Reflecting a 15.33% Yield (Based on the Guide Price)
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