Northumberland House
303 High Holborn, London, Greater London, WC1V 7JH, UK
3,264 sm
Asset description
642 King’s Road comprises a mixed-use trophy asset providing retail space on the ground floor, office space on the first floor and residential accommodation on the second and third floors.
The property underwent extensive repositioning and refurbishment in 2016. The works were carried out by the current landlord to a high specification with Drummonds remaining in occupation on the ground floor throughout. Initial works included the removal of the existing first floor followed by a three storey extension, alongside other new build design elements.
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Attributes
Asking price
¥2,001,589,000
Cap rate
5%
Year renovated
2016
Building area net
759 sm
Floors
4
Occupancy
100%
WAULT
7.4 years
Tenure
Freehold
Media
Investment highlights
- Rare opportunity to acquire a freehold trophy asset on London’s iconic King’s Road.
- Located in one of London’s most affluent and desirable neighbourhoods, offering unparalleled amenity and endless opportunity.
- Exceptional connectivity to Central London and beyond, with two underground stations within easy reach along with excellent road, river and air communications.
- Highly prominent building fronting the King’s Road, London’s most fashionable street with London’s finest retail, leisure and dining offerings on the doorstep.
- Fully repositioned mixed-use property totalling 8,169 sq ft (758.9 sq m).
- 642 King’s Road comprises retail on the ground floor, office on the first floor, three residential apartments on the second floor and a penthouse apartment with an extensive terrace on the third floor.
- Long-dated income providing an attractive term certain of 7.4 years.
- Strong reversionary potential with rent reviews and/or lease expiries across all contracted income within 18 months.
Contact brokers
642 King's Road, London (0 Properties)
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Last updated
May 29, 2024
