642 King's Road, London
642 King's Road, London, SW6 2DU, UK
18 723 000 $ | 759 mètres carrés
Description de l'actif
- Occupying a prominent corner location on Strand directly adjoining the prestigious Savoy Hotel
- Located in the prime submarket of Covent Garden in London’s West End
- Situated in the immediate vicinity of major London railway termini, including Charing Cross and Waterloo Station, and within short walking distance of seven underground stations
- 56,132 sq ft (5,214.8 sq m) of office and retail accommodation, arranged over lower ground, ground, and eight upper floors
- Diverse multi-let income, producing a total topped up income of £3,560,333 per annum, reflecting a reversionary office rent of £59 per sq ft
- Office WAULT of 3.65 years to expiries and 3.11 years to earliest determinations
- Significant potential to enhance value and improve sustainability credentials through clear asset management initiatives
- Virtual Freehold interest with approximately 954 years unexpired at a fixed peppercorn rent
Offers are invited in excess of £55,000,000 reflecting £980 per sq ft and a Net Initial Yield of 6.06%, assuming purchaser’s costs of 6.8%
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Attributs
Superficie du bâtiment nette
5 215 mètres carrés
WAULT aux pauses
3.11 années
WAULT aux expirations
3.65 années
Loyer PSF
109,37 $
Prix demandé
101 952 000 $
Loyer annuel total
6 599 690,18 $
Média
Points forts de l'investissement
- Average passing rent of £59 per sq ft (assuming a 4th floor top-up) across the office accommodation, reflecting a 37% discount to current prime Covent Garden office rents.
- Opportunity to capture significant reversion, with 91% of the contracted income having a lease event in the next five years.
- Prime occupational market dynamics support 18% projected rental growth by 2029.
- Deliver a fitted/managed solution on the 4th floor, to set a new benchmark rent in the building.
- Proven strategy to improve sustainability credentials through clear asset management initiatives, with refurbished 2nd and 4th floors having achieved EPC A certification.
Contactez les courtiers
Savoy Court (0 Propriétés)
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Dernière mise à jour
13 mai 2025
