- 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.
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%.