Colliers Godfrey Vaughan | The Conduit Mead Estate

The Conduit Mead Estate

First time on the market for sale in 300 years!
Mixed-use buildings in prime locations in key West End retail pitches.
Four Freehold properties let to nine tenants, with three vacant office floors.
11,154 sq ft (1,036.2 sq m) net lettable area, comprising approximately 40% retail space and 60% office.

Active management opportunities including re-letting/refurbishment, lease restructuring, and potential conversion of upper parts to residential, subject to necessary consents.

UNDER OFFER

We are instructed to seek offers in excess of £7,125,000 (Seven Million One Hundred and Twenty Five Thousand Pounds) subject to contract. On this basis the net initial yield is 4.6%, which should rise to 5.1% upon settlement of the outstanding rent reviews and lease renewal, and further to 5.8% on letting of the vacant office accommodation. The equivalent yield is 6%. The above assume usual purchasers costs of 5.7625%.

Full Sales Particulars and Floorplans are available in PDF format. If you do not have Adobe Acrobat, you can download it for free from Adobe.

48 Conduit Street, London W1

Attractive Mayfair Freehold property set over lower ground, ground and four upper floors. We are seeking offers in excess of £2,775,000. A purchase at this price will show a net initial yield of 3.7%, rising to over 6.1% following the forthcoming retail rent review and reletting of the vacant space.

4,937 sq ft (458.65 sq m)

£2,775,000 subject to contract and exclusive of VAT.

50 Maddox Street, London W1

A Freehold retail and office investment set out over basement, ground and four upper floors. Let on one lease and one tenancy at will, we are seeking offers in excess of £1,100,000. A purchase at this price will show a net initial yield of 5.2%.

2,273 sq ft (211.18 sq m)

£1,100,000 subject to contract.

10 South Molton Street W1

A Freehold retail and office Investment set out over basement, ground and three upper floors. We are seeking offers in excess of £1,600,00. A purchase at this price will show a net initial yield of 5.1% which should immediately rise to over 5.8% upon completion of the outstanding lease renewal..

2,195 sq ft (203.92 sq m)

£1,600,000 subject to contract.

11 South Molton Street W1

A Freehold retail and office Investment set out over basement, ground and three upper floors. We are seeking offers in excess of £1,650,000. A purchase at this price will show a net initial yield of 5.15%. Based on £215 Zone A at review, the yield will rise to 5.9%.

2,249 sq ft (208.94 sq m)

£1,650,000 subject to contract and exclusive of VAT

West End & City Property Specialists

The Conduit Mead Estate

48 Conduit Street, London W1

50 Maddox Street, London W1

10 South Molton Street W1

11 South Molton Street W1