
83-85 Mansell St, E1 - City Investment - Disposal - 2024
83-85 Mansell Street, London, E1 8AN, UK
2,559 m²
The Buckingham Palace Road portfolio comprises 42,318 sq ft of retail, restaurant, office and residential accommodation.
The portfolio provides secure, long-term retail and restaurant income on ground and lower ground floors, with a WAULT exceeding 9 years, with potential to capture rental reversion through rent reviews. The remainder of the block offers immediate and long-term asset management opportunities to increase rental income.
The portfolio consists of 8 separate leasehold titles, physically divided by Victoria Square. The northern block (6- 24) provides a truly mixed-use portfolio with numerous value add opportunities. The southern block (26-42), the upper parts have been sold on long leases, while the retail units are fully let on 5 occupational leases and 3 units are sold off to one long leaseholder at 10% gearing.