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Mixed-use investment opportunity in the heart of Kensington

London, United KingdomUnlock address

89%

£98.000.000

Mixed use

#13900

Core+

29 Sep 2024

Property Details

Broker

For sale

63,788 m²

Leasable area

1,536 £/m²

4.00 %

Freehold

4

X

Fees

0.00 %

0.20 %

0.00 %

0.20 %

Investment Overview

Modern, contemporary building constructed in 2004 to exceptional standards. Comprises 63,788 sq ft of office and retail accommodation arranged over basement, ground and six upper floors, benefitting from multiple terraces and an impressive communal courtyard. Current total income of £3,988,779 per annum, reflecting just £63.62 per sq ft on the office accommodation. Highly reversionary office income with recent transactions in Kensington establishing a tone in excess of £85 per sq ft Located in one of London’s most vibrant and dynamic office, retail and leisure destinations Prime retail with exceptional frontage to the extremely popular Kensington High Street. 100% let, offering an attractive WAULT of 7.76 years to expiries. Retail is single let for a further 17.3 years to lease expiry.