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Rare opportunity to acquire an island site in the heart of Soho

London, United Kingdom

82%

£16.000.000

Mixed use

#17160

Core

29 Oct 2024

Property Details

Broker

For sale

12,440 sq.ft.

1,156 m²

Leasable area

1,286 £/sq.ft.

13,840 £/m²

4.50 %

9

Freehold

X

Fees

0.00 %

0.40 %

0.40 %

0.40 %

Investment Overview

Rare opportunity to acquire a substantial and diversified island site in the heart of Soho totalling approximately 0.15 acres. Mixed-use estate encompassing six buildings and providing a combination of retail, restaurant, private residential, office and public house accommodation totalling 12,440 sq ft. – Retail / Restaurant: 5,058 sq ft (41%) – Residential: 3,284 sq ft (26%) – Public House: 2,955 sq ft (24%) – Offices: 1,143 sq ft (9%) In addition, there is a further 5,226 sq ft of residential sold off on a 125 year lease at a peppercorn rent. Multi-let to 9 tenants providing great diversity of income at an overall passing rent of £768,840 per annum. 73% of the income is derived from the restaurant, retail and public house. AWULT of 18 years to expiry (AWULT across the entire commercial element of 16.4 years to expiry).