320/324 Chiswick High Road
320 Chiswick High Road, London, Greater London, W4 5TA, UK
A$6,282,000 | 506 m²
Asset Description
303-323 Kings Road comprises of a period a private Royal road until 1830. parade of 12 ground floor and basement retail units fronting the south side of King’s Road at its junction with Beaufort Street, forming part of a mansion block.
The property’s standout aesthetic remains true to the entirety of Kings Road, making the thoroughfare one of the most iconic in London.
A total of 8,372 sq ft (871 sq m) net internal retail accommodation. A detailed breakdown of the floor areas is provided in the schedule of accommodation.
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Attributes
Asking price
A$11,562,000
Building area gross
778 m²
Occupancy
85%
Number of units
12
Cap rate
9.8%
NOI
A$1,041,000
WAULT
6.9 years
Media
Investment Highlights
A rare opportunity to acquire the leasehold element of a prominent retail parade, extending over ground floor and basement, within the heart of Chelsea’s fashion & design quarter.
- Located on the iconic King’s Road in one of London’s most fashionable shopping streets.
- An unbroken parade of 12 retail units extending over two floors, providing total accommodation of 8,372 sq ft, fronting the King’s Road opposite the Bluebird Café.
- Tenants include Doughnut Time, Eighty-8 Nails, Get A Drip, Octavia Foundation and Ted Baker Grooming amongst many more.
- The passing rent currently sits at £539,750 with current rents ranging from £116 Zone A to £219 Zone A.
- The parade provides reversionary rental growth with an estimated rental value of £637,904.
- Potential to extend the long leasehold interest.
- WAULT to break of 4.50 years, WAULT to expiry 6.90 years.
Contact brokers
303-323 Kings Road, Chelsea (0 Properties)
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Last updated
23 Sep 2024
