Current Sales

Summary:

• Extensive Frontage to Gloucester Place and Marylebone Road
• Let to a variety of tenants producing a current passing rent of £1,122,315 per annum
• Average rental Zone A rates of c. £62 per sq ft, with the latest letting to Costa Coffee at £83 per sq ft ITZA
• Re-Negotiations/Extension of c.200 leases
• Annual Income of £1,128,190 per annum with an imminent reversion to c. £1,197,015 per annum and a full rental value of £1,405,020 per annum

Offers are invited in excess of £19,000,000, subject to contract, for the freehold interest reflecting an initial yield of 5.61% on imminent reversion to 5.96% and a reversion to 7.00% based on current rental levels