55-57 Sloane Avenue, Chelsea, London SW3 3DH

Sold

Prime retail investment opportunity situated in the affluent area of Kensington and Chelsea.

Investment Summary

  • Kensington and Chelsea is one of the most affluent and densely populated urban areas in the UK.
  • Prime retail investment opportunity let to Douglas and Gordon, one of the most respected independent estate agencies in London.
  • Douglas & Gordon have been in occupation for 15 years and is operated as the flagship Chelsea letting office.
  • Let to Douglas & Gordon Limited on a new 15 year lease, subject to tenant break option at year 10.
  • Valuable A2 User Class planning consent.
  • Virtual freehold property.
  • Total accommodation of 142.83 sq m (1,538 sq ft), with well configured ground floor retail space.
  • Current rent of £122,500 per annum exclusive, reflecting £165 per sq ft Zone A.

Proposal

We are instructed to seek offers in excess of £2,725,000 (Two Million, Seven Hundred and Twenty Five Thousand Pounds), subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 4.25%, allowing for purchaser’s costs of 5.80%.

Location

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Next steps

Contact Us

Ross Hewes
Director
+ 44 (0) 7887 853 191
+ 44 (0) 20 7544 2198
Ross.hewes@capita.co.uk

John Burnside
Director
+44 (0)20 7544 2041
+44 (0)7730 817 046
John.burnside@capita.co.uk