Rare freehold trophy asset in the heart of St James’s
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Rare freehold trophy asset in the heart of St James’s

London, United KingdomLogin to See Address

£35.250.000

Mixed use

#40214

Core+

24 Sep 2026

Property Details

StatusFor sale
Listed byBroker
OwnershipFreehold
Size15,159 sq.ft. / Gross area
Price per unit2,325 £/sq.ft.
Net Yield3.80 %
IncomeLocked
Occupancy (%)Locked
Nr of tenants6
WALTLocked
WALBLocked
Rent indexationLocked
Nr of floorsLocked
Year builtLocked
Energy ratingLocked

Investment Overview

Rare freehold trophy asset in the heart of St James’s, prominently positioned overlooking Southwood Garden. Located on Jermyn Street, the historic home of British bespoke tailoring, a street synonymous with heritage and prestige. 30 feet of prime retail frontage on Jermyn Street, with the benefit of private rear access via Ormond Yard. 15,159 sq ft / 1,408.3 sq m of commercial and residential accommodation arranged over basement, lower ground, ground and five upper floors. Best-in-class offices, with the first and third floors refurbished in 2026 to a very high standard and let at £130 per sq ft, demonstrating the clear reversionary upside of the second floor. Retail anchored by Crockett & Jones, the world-renowned shoemaker, secured on a newly regeared ten-year term certain. Lower ground floor let to Dear Darling, an exclusive private members’ club benefiting from a rare late-night licence. Two residential apartments offering genuine optionality for private occupation or reletting on APTs at a premium to the current income. Secure long-dated income profile generating a total rent passing of £1,430,168 per annum and an unexpired term of 8.5 years to expiries and 7.3 years to breaks.

Additional Information

Sales process

We are instructed to seek offers in excess of £35,250,000, reflecting a NIY of 3.80%, assuming 6.80% purchaser’s costs, and a capital value of £2,325 per sq ft. Subject to contract and exclusive of VAT.

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