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Multi-let retail portfolio within new development

London, United KingdomUnlock address

88%

£7.500.000

Retail

#17157

Core+

4 Mar 2024

Property Details

Broker

For sale

14,771 sq.ft.

1,372 m²

Leasable area

507 £/sq.ft.

5,466 £/m²

7.00 %

7

Leasehold

990

X

Fees

0.00 %

0.50 %

0.50 %

0.50 %

Investment Overview

Portfolio comprises eight self- contained commercial units arranged principally (88%) at ground floor, providing a total aggregate floor area of 14,771 sq ft (1,372.3 sq m). Held leasehold for an unexpired term of 990 years at a ground rent of £150 per annum, reviewed upwards only 10 yearly in line with RPI. 90% let to an attractive tenant mix providing a diverse income stream with a WAULT (across let accommodation) of 13.1 years to expiries and 8.0 years to breaks. Total gross annual rent, inclusive of vendor top ups, of £561,000 (£37.98 per sq ft overall).