Mixed Use Investment Property For Sale in London, SW1E

This property is marketed by:
Colliers

Key Features:

• 1.2 acre site freehold site
• Highly diversified income derived from 10 office tenants and 16 retail tenants
• 170m of prime retail frontage onto Victoria Street, totalling 45,019 sq ft over 17 units

Description

Rare island site comprising 244,963 sq ft of office, retail & ancillary accommodation arranged over basement, ground and 11 upper floors.

123 Victoria Street is accessed at the eastern end of the property, comprising 169,027 sq ft of headquarter office accommodation across 11 upper floors with 8 private terraces.

WE ARE INSTRUCTED TO SEEK OFFERS IN EXCESS OF £265,000,000 FOR THE UK SPV IN WHICH THE FREEHOLD INTEREST IS HELD, SUBJECT TO CONTRACT & EXCLUSIVE OF VAT.

A PURCHASE AT THIS LEVEL REFLECTS A NIY OF 6.29% (ASSUMING PURCHASERS’ COSTS OF 2.3%) AND AN ATTRACTIVE CAPITAL VALUE OF £1,082 PER SQ FT.