CBGA, acting on behalf of long standing Private Client, purchased the Long–leasehold interest in this retail, residential & office parade from an Institutional vendor at a price of £7 million. The net initial yield is 8.2% after purchasing costs.

The property comprises a total area of 26,212 sq ft, the majority of which is retail and office space plus some residential ground rents. It is an island site with close to 500 sq ft of frontage to Ebury Street and Eccleston Street. The retail tenants include Memories of China, the Post Office and various local retailers.

The overall capital value reflects £280 psf and the intention is to carry out various asset management initiatives to improve the income stream.


Should you require any additional information, please contact:
Richard Starr
CBGA
34 Dover Street
London
W1S 4NG

Tel: 020 7495 6838
Fax: 020 7495 3056
e–mail: rstarr@cbga.co.uk
Website: www.cbga.co.uk

CBGA are one of the leading niche firms of investment surveyors based in Central London specialising in the sales and acquisitions of commercial investment properties.
The website is designed to provide an insight into the activities of the company, together with providing information on recent transactions and current sales.