Petrol Stations for sale in the Strand and Covent Garden, London

Commercial Property in Strand and Covent Garden available for sale

Retail Properties for Sale Near the Strand and Covent Garden, London

More details for 45 Great Queen St, London - Retail for Sale

Prince of Wales - 45 Great Queen St

London, WC2B 5AA

Retail for Sale
£8,000,000
6,846 sq ft

Air Conditioning
Security System
24 Hour Access
Smoke Detector

London Retail for Sale - Midtown, London

The property is situated on Drury Lane, a short distance from Covent Garden Underground Station, in the heart of theatreland making it ideally positioned to benefit from the high number of visitors generated by the diverse entertainment offering. The Prince of Wales is surrounded by the popular tourist destinations of Oxford Street and The British Museum to the north, Covent Garden and The Strand to the south along with Leicester Square, Seven Dials and Piccadilly to the west, each with their own diverse entertainment and retail offering. The property is held freehold (Title Number 426466). The entire property is let on a 30 year lease to Spirit Pub Company (Managed) Limited (Company Number 05269240) and guaranteed by Punch Pubs & Co Limited (Company Number 03982441) expiring on 23 June 2034 at a current rent of £340,058 per annum which is subject to an open market review on 25 December 2024 and 2029. In addition to the statutory right to renew the lease under the Landlord and Tenant 1954 Act, the tenant also has a contractual right to renew the lease for a further 30 years on the same terms. There is an Authorised Guarantee Agreement from Spirit Managed Inns Limited (Company No. 05266815) and a guarantee of the Authorised Guarantee Agreement from Spirit Intermediate Holdings Limited (Company No. 04914762).

Contact:

Savills

Property Subtype:

Bar

Date on Market:

28/05/2024

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More details for 69-76 Long Acre, London - Retail for Sale

Acre House - 69-76 Long Acre

London, WC2E 7JH

Retail for Sale
£7,250,000
5,557 sq ft

Air Conditioning

London Retail for Sale - Midtown, London

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.