£7.500.000
Confirmation
Multi-let retail portfolio within new development
London, United Kingdom
Retail
#17157
Core+
21 Nov 2024
Property Details
Broker
Sold
14,771 sq.ft.
1,372 m²Leasable area
507 £/sq.ft.
5,466 £/m²7.00 %
7
Leasehold
990
Fees
Investment Overview
Portfolio comprises eight self- contained commercial units arranged principally (88%) at ground floor, providing a total aggregate floor area of 14,771 sq ft (1,372.3 sq m). Held leasehold for an unexpired term of 990 years at a ground rent of £150 per annum, reviewed upwards only 10 yearly in line with RPI. 90% let to an attractive tenant mix providing a diverse income stream with a WAULT (across let accommodation) of 13.1 years to expiries and 8.0 years to breaks. Total gross annual rent, inclusive of vendor top ups, of £561,000 (£37.98 per sq ft overall).
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