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Angel Walk 65-79 King St 24,938 sq ft 100% Let Retail Property London W6 9HY £11,270,000 (£451.92/sq ft)
INVESTMENT HIGHLIGHTS
- Passing rent of £901,805 per annum (net of ground rent).
- Strong tenant retention with track record evidenced by Superdrug’s recent regear and Barclays regear intensions.
- 92.8% of income is let to occupiers with a D&B credit rating of 5A1/5A2.
- The office uppers are separately accessed via Angel Walk and well suited for conversion to residential (subject to planning).
EXECUTIVE SUMMARY
FOR SALE: 65 - 79 King Street Hammersmith W6 9HY
The property compromises a mix of retail, office and residential (sold off) arranged over basement, ground, first, second and third floors.
Total area of 24,938 sq ft (NIA). 25% being office accommodation and 75% retail accommodation.
Multi-let to four tenants providing a WAULT of 4.31 years to expiries and 3.46 years to breaks. Opportunity to extend the WAULT to 7.33 yrs to expiry and 6.48 yrs to break following regear of Barclays lease.
The property compromises a mix of retail, office and residential (sold off) arranged over basement, ground, first, second and third floors.
Total area of 24,938 sq ft (NIA). 25% being office accommodation and 75% retail accommodation.
Multi-let to four tenants providing a WAULT of 4.31 years to expiries and 3.46 years to breaks. Opportunity to extend the WAULT to 7.33 yrs to expiry and 6.48 yrs to break following regear of Barclays lease.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
24,938 sq ft
Costar Property Class
B
Year Built
1980
Price
£11,270,000
Price per sq ft
£451.92
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Loading Docks
1 Exterior
Floor To Floor Height
10 ft
Plot ratio
0.72
Total Plot Size
0.80 ac
Parking
10 Spaces (0.4 Spaces per 1,000 sq ft Leased)
Frontage
127 ft on King Street
AMENITIES
- Bus Route
- Raised Floor
- Security System
- Signage
- Roller Shutters
- Air Conditioning
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NEARBY MAJOR RETAILERS
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Angel Walk | 65-79 King St
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