642 King's Road, London
642 King's Road, London, SW6 2DU, UK
12.012.000 € | 759 m²
Objektbeschreibung
- 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%
...
Eigenschaften
Gebäudefläche netto
5.215 m²
WAULT in die Pausen
3.11 Jahre
WAULT bis zum Verfall
3.65 Jahre
Miete PSF
70,17 €
Angebotspreis
65.411.000 €
Jährliche Gesamtmiete
4.234.226,35 €
Medien
Investment-Highlights
- 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.
Makler kontaktieren
Savoy Court (0 Objekte)
JLL kann Sie bei der Finanzierung und Verwaltung Ihres Portfolios unterstützen. Kontaktieren Sie uns noch heute, damit wir gemeinsam Ihre Ambitionen verwirklichen können.
Zuletzt aktualisiert
13. Mai 2025
