Commercial property
Investment for sale
Prime Commercial Investment | M&S, The Boulevard, Imperial Wharf, London

Investment for sale
£7,350,000 / NIY 5.75%
Summary
  • Neighbouring Chelsea Harbour, Imperial Wharf is one of the most affluent and desirable locations in Central London
  • Located next to Imperial Wharf Station
  • Prime commercial unit let to Marks & Spencer Plc until September 2037 with a tenant only break in September 2027 giving approximately 7.5 years unexpired term certain
  • Sublet to boutique premium gym brand ONE LDN expiring in September 2027
  • ONE LDN have been trading since 2014 and are one of the most popular flagship boutique gyms in London
  • Virtual Freehold (999 year lease at a peppercorn)
  • GIA of 1,770.11 sq m (19,053 sq ft)
  • Current passing rent of £452,560 per annum (£23.75 per sq ft) with fixed uplifts every 5 years based on 2.5% per annum compounded
  • The rent increases to £512,030 per annum in September 2022
  • Offers in excess of £7,350,000 (seven million, three hundred and fifty thousand pounds) for its long leasehold interest subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 5.75% (Rising to 6.52% in 2022) assuming purchaser’s costs of 6.66%.
Done
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