<p><strong><span style="color: #ff0000;">London </span></strong><strong><span style="color: #ff0000;">105,410 sq ft, yield of 5.01%</span> comprising Office, Retail and Residential accommodation </strong><strong>, <span style="color: #ff0000;">An exceptional £35 million redevelopment of the property</span> behind a retained structure was completed in 2017, delivering a striking cobalt blue fanned bay façade TOP INVEST<span style="color: #ff0000;"> net initial yield of 5.01% in the UK.</span></strong></p>
<p>Freehold.</p>
<p>• Located in the heart of London , a submarket that has undergone a real estate, transport infrastructure and placemaking transformation over the past 15 years through significant public and private investment.</p>
<p>• Excellent transport links given the building’s situation directly adjacent to Victoria Station, one of London’s key transport hubs that offers connections to both mainline and underground services.</p>
<p>• An exceptional £35 million redevelopment of the property behind a retained structure was completed in 2017, delivering a striking cobalt blue fanned bay façade.</p>
<p>•Excellent’ rating.</p>
<p><span style="color: #ff0000;"><strong>• High-quality, mixed-use asset totaling 105,410 sq ft, comprising Office, Retail and Residential accommodation.</strong></span></p>
<p>•Office accommodation let to London Centre Limited, trading as Spaces, until February 2036, of firing long-term income with RPIx-linked rent reviews to guarantee rental performance.</p>
<p>• Retail accommodation let to JD Wetherspoon until April 2047 (tenant break option in 2032), with fixed five-yearly rental uplifts.</p>
<p>• 14 high-quality residential apartments located on seventh to ninth floors with panoramic views across the London cityscape from extensive roof and garden terraces. • An attractive unexpired term over the commercial element of 13.5 years to expiry.</p>
<p>• Total income of £6,200,575 per annum, reflecting £63.51 per sq ft on the office accommodation.</p>
<p><span style="color: #ff0000;"><span style="color: #ff0000;"><strong>Offices are invited in excess of £117.160,000, subject to contract and exclusive of VAT. This reflects a net initial yield of 5.01% (assuming purchaser’s costs of 6.79%) and a capital value of £1,100 per sq ft</strong></span>.</span></p>
<p><strong><span style="color: #ff0000;">Direct buyers or representatives only. </span></strong><strong></strong></p>
|