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Landmark destination live entertainment venues

London, United Kingdom

82%

£13.995.000

Special purpose

#17204

Core

28 Oct 2024

Property Details

Broker

For sale

19,289 sq.ft.

1,792 m²

Leasable area

725.54 £/sq.ft.

7,809 £/m²

6.36 %

1

Leasehold

134

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

One of London’s landmark destination live entertainment venues Strategically located amongst London’s world-class leisure and amenity districts of Covent Garden and Southbank Comprising a 19,289 sq ft live events arena providing exceptional volume and up to 9m+ floor to ceilings. Amphitheatre style layout configured around a large stage with further bar and restaurant space. Benefiting from an exceptionally rare 5am late night alcohol licence. Current rent of £949,996 per annum reflecting £49.25 psf overall. Next review March 2028 Current ERV is in excess of the topped-up passing rent with exceptional demand for 15,000 sq ft+ units in London. Held Long leasehold for 150 years from 12th March 2007 providing 134 years unexpired term subject to a peppercorn rent.