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Freehold opportunity on St James’s retail pitch

London, United KingdomUnlock address

69%

Offers invited

Retail

#33799

Core+

19 May 2024

Property Details

Broker

For sale

3,797 sq.ft.

353 m²

NIA

3

Freehold

X

Fees

0.00 %

0.50 %

0.50 %

Investment Overview

Rare Freehold opportunity on St James’s preeminent retail pitch. Situated in the heart of St James’s, London’s most prestigious district. Arranged over lower ground, ground and three upper floors, the property comprises 3,797 sq ft of retail, office and residential accommodation. Fully let at a passing rent of £263,560 per annum, with significant potential to improve the rent through asset management. WAULT of 4.34 years on the commercial leases. The upper floors provide self-contained office and residential accommodation, accessed by a recently refurbished central stairwell. The offices are currently occupied as ancillary accommodation, another flagship retailer with the one-bedroom apartment on the top floor currently let on an AST. The upper floors are accessed via a dedicated entrance.