£13.995.000
Confirmation
Landmark destination live entertainment venues
London, United Kingdom
Special purpose
#17204
Core
28 Oct 2024
Property Details
Broker
For sale
19,289 sq.ft.
1,792 m²Leasable area
725.54 £/sq.ft.
7,809 £/m²6.36 %
1
Leasehold
134
Fees
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.
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