642 King's Road, London
642 King's Road, London, SW6 2DU, UK
18 558 000 $ | 759 mètres carrés
Description de l'actif
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.
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Attributs
Superficie du bâtiment nette
3 931 mètres carrés
Occupation
87 %
Année de construction
1930
Superficie du terrain brute
0,18 ha
Nombre d'unités
32
WAULT
8.4 années
Média
Points forts de l'investissement
- Rare opportunity to acquire an 0.44 acre / 42,318 sq. ft portfolio of retail, restaurant, office and residential in the heart of London’s West End.
- Excellent connectivity, with Buckingham Palace Road linking Victoria’s rail and bus stations to key tourist destinations including Buckingham Palace, The Mall, and St James’s Park.
- 122 metres of prime frontage onto Buckingham Palace Road - a major thoroughfare marking the boundary between the dynamic office hub of Victoria and the prestigious residential area of Belgravia.
- Benefits from over 12.6 million annual footfall, comprising affluent residents, office workers, and tourists.
- Immediate scope to increase the passing annual rent of £1,065,174 through asset management and leasing opportunities.
- Secure retail income of £753,390 per annum, with a WAULT of 9.07 years from tenants including Gail's Bakery, Hummingbird Bakery and Pizza Pilgrims.
- Potential to capture retail reversion at rent review due to recent evidence within the portfolio occurring at significantly higher than passing ITZA rents.
- 9,798 sq. ft of office accommodation with c.50% offered with vacant possession and the remainder let of affordable rents of under £51 per sq. ft, offering significant asset management potential.
Contactez les courtiers
6-42 Buckingham Palace Road, SW1 (0 Propriétés)
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Dernière mise à jour
18 juin 2025
