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High Yielding London Retail & Leisure Hub

London, United KingdomUnlock address

68%

£20.150.000

Retail

#13601

Core, Core+

3 Feb 2024

Property Details

Broker

Under offer

91,369 sq.ft.

8,488 m²

Leasable area

220 £/sq.ft.

2,373 £/m²

8.00 %

28

Leasehold

238

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Strategically situated in the heart of West London, between London’s West End (6.5 miles) and Heathrow Airport (7 miles), Ealing is one of the city’s most sought-after areas to both live and work. 4.25-acre pedestrianised retail, restaurant and leisure quarter situated in the heart of Ealing town centre, just 300 metres away from Ealing Broadway station. WAULT of 13.64 years to expiry and 10.93 to break. 45% of income benefits from RPI linked rent reviews. Outside of the ownership, the 698 residential units above the commercial have been sold with prices of the residential units achieving in excess of £1,000 psf and basement parking facilities with 365 private and 145 public spaces, managed by Q Park.