Investment Property with Advertising Hoarding

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. 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. 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 providing District Line and London Overground services towards Fulham Palace Road, intersecting with North End Road and Munster Road. The immediate vicinity comprises a mixed-use commercial and residential locality benefiting from substantial pedestrian and vehicular traffic. 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.