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Sold
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The property comprises a prime High Street retail investment let to one of the UKs most recognisable charities.
Arranged across ground, first and second floors, the property is fully let to the British Heart Foundation on a 10 year lease expiring 07/03/2025 and paying £42,750 per annum.
We consider the property to be reversionary, and understand that nearby units on King Street have let for circa £50,000 per annum on the ground floor only.
The property benefits from rear access and we cvonsider there may be potential to convert the upper parts to alternative uses, including residential, subject to the existing leases and obtaining the requisite consents.
King Street is the principal retail amenity within Hammersmith and the property therefore benefits from high levels of footfall. Nearby occupiers include Greggs, Primark, and the flagship town centre IKEA within Kings Mall shopping centre.
Tenure
Freehold
Accommodation
Rent