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Retail space on the King's Road in London

13,000,000 £
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Total area: 1,903 m² Yield: 4.0%
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Features
  • 1 floor
  • Percentage of the rented area: 100%

We offer you a unique property — commercial number of 12 rooms located on the street King`s Road, a prosperous residential and shopping district of Kensington and Chelsea.

Description

The property is located in the possession of long-term lease for 99 years, since 1977. All rooms are sub-leased.

Tenants

Known fund focused on public projects, property management and support of the poor more than 150 years.

Health-food restaurant, who rents a room from 1995.

A large cosmetics company, the financial turnover of approx. £ 58 million. Per year, rent a room here for the shop since 1998.

The remaining tenants — known designer brands of clothing and footwear.

The average completion date of lease contracts is 7.5 years (in the absence of cases of early termination).

Proposal

Accepted an offer to purchase, with the unconditional acceptance of the contract, at a price of 13 million £, which includes net initial yield of 4.38%, and the estimated income from leaseback 4.93% and provides a low level of costs for the purchase of real estate 5.8%

Location

The building is located in the southern part of the King`s Road, between the street and the area of Beaufort Paultons, in the neighborhood, with many bars, restaurants and shops.

Transport accessibility

In the area of excellent transport links. The nearby metro Sloane Square, South Kensington, Fulham Broadway, 100 m. From the bus stops with convenient route to the central subway and train/ railway station Tottenham Court Road, Victoria, Liverpool Street and others.

Advantages

Over the years, the lease of commercial premises in central London is very popular. Sustainable economic development and tourist attraction, contributed to a significant increase in sales in 2013 and now London — is one of the best not only for shopping but also for business expansion.

Location and nearby objects

supermarket-icon
Supermarkets
school-icon
Schools
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Cafe and restaurants
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Hospitals
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Airports
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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 2% annually
    • Construction site audits
    • Management company services