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133-135 Kensington High St 2,895 sq ft 100% Let Retail Property London W8 6SU £3,150,000 (£1,088.08/sq ft)

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Investment Highlights

Rituals Cosmetics UK Limited trades from c.100 stores in the UK and Ireland, as of 2024 tenant reported sales of £148m
Current passing of £185,000 p.a.
Lease outside L&T act

Virtual freehold (999 years lease)
£92,500 + VAT rent deposit held

Executive Summary

- Virtual freehold retail unit
- Let to Laderach UK Ltd, from 6th June 2029 until 6th June 2034 for £185,000 p.a.
- Rent deposit of £92,5000 + VAT held
- Lease outside L&T act

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Long Leasehold

Property Subtype

Shopfront Retail / Residential

Property Size

2,895 sq ft

Costar Property Class

Year Built

1922

Price

£3,150,000

Price per sq ft

£1,088.08

Occupancy Rate

100%

Tenancy

Multiple

Number of Floors

Plot ratio

0.37

Total Plot Size

0.18 ac

Storage Space

Major Tenants

IQOS
Retailer
-
-
May 2028

Retailer
-
-
Jun 2034

Läderach is a Swiss chocolate manufacturer based in Ennenda. It was founded in 1962 in Glarus by Rudolf Läderach. His patent for the process of manufacturing hollow, ready-made chocolate truffles revolutionized the fine chocolate industry. Läderach refines fresh chocolate into extraordinary creations – and take great pleasure in sharing them. While the company initially did so as a supplier to selected Swiss chocolate shops, Läderach today share their delights with the entire world.