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Acre House 69-76 Long Acre 5,557 sq ft 100% Let 4-Star Retail Property London WC2E 7JH £7,250,000 (£1,304.66/sq ft)
INVESTMENT HIGHLIGHTS
- Prime Covent Garden location with 40-metre frontage on Long Acre
- Fully let to four tenants including Brompton’s flagship store
- Surrounded by luxury retail, dining, and cultural landmarks
- WAULT of 10.4 years to expiries and 7.2 years to breaks
- Held on a 999-year leasehold with peppercorn ground rent
EXECUTIVE SUMMARY
Acre House presents a rare opportunity to acquire a trophy retail asset in the heart of Covent Garden, one of London’s most iconic and resilient retail destinations. This unbroken parade comprises four high-quality retail and restaurant units arranged over ground and basement levels, boasting an exceptional 40-metre frontage on Long Acre—one of the capital’s most prestigious shopping streets.
The property is fully let to a diverse mix of tenants including Brompton Bicycle’s flagship store, Capilungo, Skewers, and ARKIVE by Adam Reed, generating a total passing rent of £367,000 per annum. The WAULT of 10.4 years to expiries and 7.2 years to breaks underpins long-term income stability, while the current rent reflects a significant discount to prime Long Acre levels, offering strong reversionary potential.
Covent Garden continues to outperform, with retail spend 7.5% above pre-pandemic levels and footfall exceeding 44 million annually. The area’s curated tenant mix, cultural vibrancy, and proximity to major transport hubs—including Covent Garden Underground and the Elizabeth Line—make Acre House a compelling investment. The asset is held on a 999-year leasehold with a peppercorn ground rent, ensuring long-term control and minimal overhead.
With international and domestic investor appetite remaining strong for West End retail, Acre House stands out as a secure, income-producing asset with capital growth prospects in one of London’s most tightly held retail corridors.
The property is fully let to a diverse mix of tenants including Brompton Bicycle’s flagship store, Capilungo, Skewers, and ARKIVE by Adam Reed, generating a total passing rent of £367,000 per annum. The WAULT of 10.4 years to expiries and 7.2 years to breaks underpins long-term income stability, while the current rent reflects a significant discount to prime Long Acre levels, offering strong reversionary potential.
Covent Garden continues to outperform, with retail spend 7.5% above pre-pandemic levels and footfall exceeding 44 million annually. The area’s curated tenant mix, cultural vibrancy, and proximity to major transport hubs—including Covent Garden Underground and the Elizabeth Line—make Acre House a compelling investment. The asset is held on a 999-year leasehold with a peppercorn ground rent, ensuring long-term control and minimal overhead.
With international and domestic investor appetite remaining strong for West End retail, Acre House stands out as a secure, income-producing asset with capital growth prospects in one of London’s most tightly held retail corridors.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
5,557 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1825/2010
Price
£7,250,000
Price per sq ft
£1,304.66
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Floor To Floor Height
11 ft
Plot ratio
0.91
Total Plot Size
0.14 ac
Frontage
134 ft on Long Acre
AMENITIES
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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Acre House | 69-76 Long Acre
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