PRIME CENTRAL LONDON RETAIL INVESTMENT IN THE HEAR OF THE ICONIC KNIGHTSBRIDGE
Address
28 - 56 Knightsbridge, London
Description
- Rare opportunity to acquire an unbroken retail parade extending 65 metres on Knightsbridge, one of the most sought after retail pitches in the capital.
- Located on Knightsbridge, moments from the world-famous Harrods, in one of the world’s most globally recognised luxury retail destinations.
- Held Virtual Freehold with 972 years unexpired at a peppercorn rent.
- Intact parade of 10 retail units over two floors, providing total accommodation of 20,287 sq. ft.
- Outstanding retail frontage of 65 metres / 214 ft to Knightsbridge offering high visibility and strong footfall.
- Diverse tenant mix of retail, wellness, and hospitality occupiers including beauty clinics, boutique fashion, health food, pharmacies, and cafés.
- Total passing rent totals £914,250 per annum.
- WAULT to break of 7.87 years. WAULT to expiry of 8.82 years.
- Inviting offers in the sum of £17,500,000 for the Isle of Man SPV reflecting a net initial yield of 5.13% with an attractive capital value of £863 per square foot (assuming purchaser’s costs of 1.80%).
Contact
Richard Goldstein
Director
Richard.Goldstein@metrus.co.uk
020 7079 3209
Oliver Becker
Agency Surveyor
ob@metrus.co.uk
020 7079 3974
Download Brochure
Bio
Malcolm is a chartered surveyor with over 35 years’ experience of commercial property matters, in particular rent reviews, lease renewals, lease re-gears and valuation. He has experience of acting as an expert witness in court and arbitration proceedings and is also on the RICS panel of Independent Experts and Arbitrators appointed to resolve rental and capital valuation disputes. Malcolm also undertakes valuations of residential properties in London for the purposes of lease extensions and negotiates claims in accordance with leasehold enfranchisement legislation.
Malcolm Bailey
BSc (Hons) MRICS ACIArb
Director
Bio
Colin joined Metrus in September 1995 to grow and develop the commercial agency team. He specialises in disposals & acquisitions within the Central London office market. He advises a wide and varied client base ranging from private individuals, private & public property companies to large institutional clients. Key Skills include lease advisory, lease renewals, re-gears, pre-lettings & development appraisal. Colin became an Equity Partner in January 2006.
Colin Becker
BSc (Hons)
Director
Bio
Oliver joined the Agency team at Metrus in January 2023. His work involves assisting on all aspects of commercial agency, advising both landlord and tenant clients across various sub-markets. He also has a passion and enjoys helping tenants grow their businesses from commencement into new spaces.
Oliver Becker
Agency Surveyor
Bio
David is a Landlord and Tenant specialist, with over 30-years’ experience of a wide variety of commercial properties, most notably retail and offices. David acts for landlords and tenants and is regularly appointed to provide Expert Evidence in rent review and lease renewal disputes
David Burlinson
BA (Hons) MRICS, RICS Registered Valuer
Director
Bio
Katie joined Metrus in 2013. She works as a Personal Assistant supporting the Commercial Agency team and Property Management team in all aspects of business management and administration.
Katie Elsley
PA to Lease Advisory, Capital Markets & Management
Bio
Richard has over 28 years’ experience in the London investment market advising on over £2.5bn of transactions, including the purchase of a prime Mayfair asset for £150m, a multi let office in midtown for £22m; the sale of 431-451 Oxford Street and a mixed-use estate in North London for £34m. He advises on sales and acquisitions across all sectors, working closely with a broad range of clients including institutional investors, private domestic and overseas investors, property companies and receivers. He arranges off-market transactions maintaining client’s confidentiality as well as thinking creatively about how an asset can be enhanced or marketed.
Richard Goldstein
BSc (Hons) MRICS
Director
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