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Central London Retail Estate with outstanding ESG credentials

London, United KingdomUnlock address

68%

Offers invited

Retail

#17159

Core+

3 Mar 2024

Property Details

Broker

For sale

100,000 sq.ft.

9,290 m²

Leasable area

Leasehold

250

X

Fees

0.00 %

0.30 %

0.30 %

0.20 %

Investment Overview

One of the last major regeneration projects within Zone 1. £2.3bn total estimated development end value. Opportunity totals c.100,000 sq ft of Retail, F&B and Leisure units. At completion, the project will incorporate c.3,200 residential units, c.480,000 sq ft of office space, significant employment opportunities and extensive green space. Centred around a 2.5 acre park – the largest new green space in London for decades. Innovative approach to leasing and business support has created one of the most sought after London retail markets for new entrants and cutting edge brands. Producing a total gross income of £2.75M and a total net income of £2.57M. Attractive WAULT to expiry of 11.93 and to first exit of 8.32 years. 250 year leasehold at a peppercorn.