709549 | London 105,410 sq ft, yield of 5.01% comprising O

London 105,410 sq ft, yield of 5.01%  comprising Office, Retail and Residential accommodation , An exceptional £35 million redevelopment of the property behind a retained structure was completed in 2017, delivering a striking cobalt blue fanned bay façade TOP INVEST net initial yield of 5.01% in the UK.

Freehold.

• 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.

• 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.

• An exceptional £35 million redevelopment of the property behind a retained structure was completed in 2017, delivering a striking cobalt blue fanned bay façade.

•Excellent’ rating.

• High-quality, mixed-use asset totaling 105,410 sq ft, comprising Office, Retail and Residential accommodation.

•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.

• Retail accommodation let to JD Wetherspoon until April 2047 (tenant break option in 2032), with fixed five-yearly rental uplifts.

• 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.

• Total income of £6,200,575 per annum, reflecting £63.51 per sq ft on the office accommodation.

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.

Direct buyers or representatives only.