709550 | London Centre fashion retailer yield 6% in 2024 ar

London Centre fashion retailer yield 6% in 2024 area is 31,384 sq ft (NIA 25,800 sq ft) Let entirely to globally known premium fashion retailer This sits within the epicenter of the West End’s busiest district, close to Piccadilly Circus, Chinatown, Regent Street, Leicester Square and Trafalgar Square in the U.K.

This sits within the epicenter of the West End’s busiest district, close to Piccadilly Circus, Chinatown, Regent Street, Leicester Square and Trafalgar Square

Gross internal area is 31,384 sq ft (NIA 25,800 sq ft) Arranged over basement, ground and 3 upper floors. Let entirely to globally known premium fashion retailer rent of £2,570,612 p.a.

Let until 2034, subject to a tenant break clause in 2029. Landlord friendly rent reviews, based on the higher of A1/A2/A3 for the ground, basement and 1st floors and high quality offices with separate entrance for the 2nd and 3rd floors, thus allowing scope for a significant increase at review.

Offers in excess of £65,650,000 which would represent an net initial yield of c.3.9% and a reversionary yield, post 2024 rent review, of 6% (assuming 1.8% costs for an SPV purchase). This represents a capital value per square foot of £2,031 based upon the Gross Internal Area.

Direct buyers or representatives only.

Due to utmost privacy, DD and detailed information would be provided only to qualified buyers who sign NDA and can POF to make sure we keep our properties exclusive to potential buyers

 We can provide only limited information.

Required To Make An Offer & For Financials:
1. Signed NDA
2. Letter Of Intent
3. POF