West End & City Property Specialists

Development opportunity, located along Castlereagh Street in the heart of the Portman Estate to the west of Bryanston Square.

New geared long leasehold for sale, with planning consent for redevelopment of a new 15,000 sq ft (Gross) building, comprising 3 floors of offices and six flats.

We are instructed to seek offers in excess of £3,150,000 subject to contract.

The property is situated in Chelsea, one of London’s most exclusive residential, retail and commercial addresses, within walking distance of The Kings Road and Sloane Square and the world-renowned department stores Harrods and Harvey Nichols, as well as numerous fashion houses on Sloane Street and top quality hotels and restaurants.

This prestigious Chelsea Street is situated between Sloane Street and Brompton Road.

The surrounding area is predominantly high quality residential, achieving some of the highest sales values in London due to its central location. The area has good public transport links, with the nearest London Underground Station being Sloane Square (District and Circle) and close to routes out of London straight onto the A4 providing easy access to the UK motorway network and Heathrow Airport.

The property is for sale Freehold, with vacant possession of the upper parts. The retail shop over ground and lower ground floors is let to Marsh & Parsons on assignment for a term of 15 years from 24th June 2001, with a tenant only break in June 2011.

The current passing rent of £35,000 per annum exclusive is subject to an outstanding rent review from June 2006. We estimate this rent to be substantially reversionary.

We are instructed to seek offers in the region of £3,000,000, subject to contract and exclusive of vat.

Corner office building fronting Embankment with river views totalling 17,554 sq ft (1,631 sq m) net. (circa 24,000 sq ft/2,230 sq m) Gross. Multi-let to 9 tenants on 13 leases with a block expiry date in October 2011 and all leases outside the Landlord & Tenant Act. Potential for conversion to residential in the medium term (subject to necessary consents).

We are instructed to seek offers in excess of £14,600,000, subject to for the freehold interest which reflects a net initial yield of 5.04%, a nominal equivalent yield of 5.75% and a potential reversionary yield of 6.25%.

FREEHOLD office and retail investment opportunity.

• Prime multi-let office and retail property.
• Freehold.
• 12,945 sq ft Grade A office accommodation constructed behind a period facade with 1,870 sq ft of retail providing a total net internal area of 14,815 sq ft.
• Reversionary passing rent of £626,675 per annum reflecting £43.39 per sq ft on the office element and £92 Zone A on the retail element.
• Potential to surrender the 2nd floor and occupy / re-let.
• Mutual break options on 1st, 5th and lower ground floors in February 2010 offering further opportunity to maximise rents or occupy space.
• Asset management angles through a spread of rent reviews and break options.
• Outstanding retail rent review from December 2007.
• Offers are sought for the freehold interest.

Francis House is located on Francis Street Victoria, London SW1, in the London Borough of Westminster.

Freehold office building of 41,800sqft (3,883sqm), let entirely to Channel Four Television Corporation until February 2020.

The offices were refurbished in 2000 and provide high quality offices benefiting from air conditioning, fully accessible raised floors and substantial floor to ceiling height.

Highly reversionary passing rent of £1,231,000pa reflecting £29.45sqft overall. The lease incorporates two fixed rental increases in 2010 and 2015. The vendor will top up the rent to the 2010 level of £1,427,000pa (£34.14sqft). In 2015 the rent rises to £1,655,000 reflecting only £39.59sqft.

Current ERV for the building is circa £1,900,000 reflecting £47.50sqft on the best office space.

Vendor seeking offers in excess of £24,500,000, subject to contract and exclusive of vat, reflecting an initial yield of 5.51% and a reversion to 6.4% after standard purchasers costs of 5.7625%.

UNDER OFFER

Medium term leasehold (43 years unexpired) office and residential investment opportunity comprising 7,797 sq ft (724.37 sq m) arranged over ground, first, second and third floors.

• Located within Marylebone in the heart of the Portman Estate.
• Let on FRI terms to London Jazz Radio plc (trading as Smooth FM) for 25 years expiring on 7th December 2014.
• Currently producing a reversionary passing rent of £211,000 pax (net of £4,000 ground rent), reflecting £27.57 per sq ft with a rent review in December 2009.
• Reversionary income subject to the rent review, estimated at £32.50 overall.
• Of interest to investors, owner-occupiers and developers.
• Potential to maximise the income through refurbishment / development.
• We are instructed to seek offers in the region of £2,500,000 (Two Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 8.00% (after deduction of ground rent and usual purchasers costs) and a reversionary yield of 9.45% in December 2009, based on our opinion of ERV.

Attractive period office building totaling 5,844 sq ft (543 sq m) net internal area and approximately 7,565 sq ft (703 sq m) gross internal area.

Freehold tenure

Opportunity to refurbish the building and relet as the whole of the property is vacant.

Of interest to owner-occupiers, developers and investors.

Situated close to Charing Cross and Embankment stations, just to the south of Strand.

We are guiding offers in the region of £3,000,000 (Three Million Pounds), subject to contract and exclusive of VAT which represents a Capital Value of £513 per sq ft on net internal areas and £397 per sq ft on the gross internal areas.

Attractive Freehold for sale in WC2

• Full Vacant Possession in June 2009.
• Potential for change of use to residential (subject to usual necessary consents).
• We are instructed to seek offers in the region of £3,250,000 (Three Million Two Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT which represents a Capital Value of £703 per sq ft on the Net Internal Areas and £472 per sq ft on the Gross Internal Areas.
  

The adjacent building is also available by separate negotiation.

Freehold M25 office building providing 17,093 sq ft NIA over ground and first floors.

Let on FRI terms to Baker Tilly until 2013 currently producing £411,250 per annum.

We are seeking offers in the region of £6,480,000 subject to contract and exclusive of VAT.