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Mixed use property investment

London, United Kingdom

81%

£8.000.000

Mixed use

#11530

Core

29 Oct 2024

Property Details

Authorized representative

For sale

3,682 sq.ft.

342 m²

Leasable area

2,172 £/sq.ft.

23,391 £/m²

3.00 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.00 %

0.50 %

Investment Overview

An opportunity to acquire an attractive restaurant and office investment securely let until 2027. The building currently comprises a restaurant on lower ground, ground and first floors with offices on second and third floors. The entire building is let to a single tenant until 11th February 2027 on full repairing and insuring terms. On expiry of the current lease there are added value opportunities including the potential for change of use from restaurant to retail, change of use of the upper floors to residential and the addition of a fourth floor. Virtual freehold - 2000 years from 25 December 1904 at a fixed rent of £17.65 per annum.