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Art Gallery in sought-after area of London

5,600,000 £
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Total area: 263 m² Yield: 4.2%
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Features
  • Absolute return: 330,000 €
  • 4-floor building
  • 1 floor
  • Percentage of the rented area: 100%

It is a newly built gallery on the ground and lower ground floors in the West End.

Description

The total area of the property is 263 m².

Gallery is situated on the ground and lower ground floors of an apartment house. It has a separate entrance next to the main entrance. The property have been designed and constructed with the finest materials and details.

The gallery is fully leased out on a long term.

Tenure: Freehold.

Financial performance

Absolute income is 250,000 £.

The current yield of 4,2%.

The purchaser’s costs of 5,8%.

Tenants

Tenant is the Alan Cristea Gallery, which is one of the leading commercial galleries in Europe, opened in 1995.

The tenant has a Dun & Bradstreet rating of 2A1 representing minimal risk of business failure.

The lease agreement is signed for 20 years from January 2016. It is non-cancellable by tenant until 2031.

Location

The building is situated on the north side of Pall Mall, in the heart of St. James’s, one of the most prestigious locations in the West End of London.

St. James’s is world renowned as a location for prime residential, private members clubs, elegant retail, fine dining and the best of London galleries and antique retailers.

The property is positioned almost midway between St. James’s Palace to the west and Waterloo Place to the east.

The underground station at Green Park and Piccadilly Circus are close by and nearby Piccadilly is one of London’s major bus THE routes

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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