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26-28 Priests Bridge 5,000 sq ft Specialist Building Offered at £2,180,000 at a 6.42% Net Initial Yield in London SW14 8TA
Investment Highlights
- State of the art Day Nursery Investment
- Let to Kido Schools UK Ltd until 2050
- Highly Affluent Location in South West London
- Producing £139,678 pa
Executive Summary
Newly built state of the art ground floor nursery extending to 5,000 sq ft GIA
Virtual freehold interest for a term of 999 years at a peppercorn.
Highly affuent location in South West London
Let to Kido Schools UK Limited on a new 25 year lease from Sept 2025
5 yearly upward only rent reviews to 1% and 3%
Let of only £26 psf set in 2023 on a pre-let agreement
ERV now over £30 psf
£2,180,000 - reflecting a Net Initial Yield of 6.00% after allowing for purchaser’s costs of 6.75%, a low capital value of only £436 per sq ft and an attractive reversionary yield of 7.84% should the unit be re-let off the ERV.
Virtual freehold interest for a term of 999 years at a peppercorn.
Highly affuent location in South West London
Let to Kido Schools UK Limited on a new 25 year lease from Sept 2025
5 yearly upward only rent reviews to 1% and 3%
Let of only £26 psf set in 2023 on a pre-let agreement
ERV now over £30 psf
£2,180,000 - reflecting a Net Initial Yield of 6.00% after allowing for purchaser’s costs of 6.75%, a low capital value of only £436 per sq ft and an attractive reversionary yield of 7.84% should the unit be re-let off the ERV.
Property Facts
Amenities
- Air Conditioning
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26-28 Priests Bridge
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