A rare opportunity to acquire the freehold interest in a dominant retail parade located in the prestigious Royal Borough of Kensington and Chelsea
First time to the market since 1947
Freehold
Prominantly located property providing in total 6,395 sq ft (594 sq m) with over 65 feet (20 metres) of prime retail frontage
Post-war building extending over three floors and comprising four retail units and five independent maisonettes
Tenants include Ceru Restaurants Ltd, Blue Tanning & Beauty Ltd and Carpet Interiors Ltd
Six leases with two vacant maisonettes
Opportunity to extend residential accommodation by 2,326 sq ft (216 sq m)
Current income £270,981 per annum with two vacant maisonettes
Offers in excess of £8,750,000 (STC)
3.63% Net Initial Yield and 4.5% Reversionary Yield, after deducting standard purchase costs and assuming £1,100 per sq ft on the vacant residential accommodation
