25/27 Harrington Road, 25/27 Harrington Road, London | Property for sale | Savills
876 sq ft(81.38 sq m)
Guide price £550,000($731,179)

25/27 Harrington Road25/27 Harrington Road, London

  • New
  • Sole agency
  • Freehold
Investment
876 sq ft (81.38 sq m)

Key features

  • Prime Retail Investment Opportunity
  • Let to Carter Jonas Estate Agents
  • Lease Expires 16/09/2027
  • Producing £32,400 per annum
  • Reversionary - ERV Approx. £50,000 per annum
  • 876 sq ft (81.38 sq m)
  • Prime Corner Pitch
  • ERV Reflects 9% Gross Yield on Guide Price
  • No VAT

Retail Investment on Bute Street Let to Carter Jonas Expiring 16/09/2027 and paying £32,400 pa Reversionary - Estimated Rental Value of £50,000 per annum

About this property

  • The property comprises a prime retail investment let to Carter Jonas and occupying a prominent corner pitch fronting one of London's most popular retail streets. Arranged across basement, ground and three upper floors, the property is let to Carter Jonas Estate Agents on a lease expiring 16/09/2027 and paying £32,400 per annum. The upper parts comprise three flats, all of which are sold off on a long leasehold basis. There may be potential for additional income via re-grear premiums, with the lease for Flat 1 having approximately 54 years unexpired, please see the legal pack for information. We consider the property to be reversionary, with comparable evidence showing the Estimated Rental Value (ERV) of the property to be £50,000 per annum. The property occupies a prime pitch at the corner of Harrington Road and Bute Street, one of Londons prime retailing streets, famous for weekly markets and comprising a number of local and national retailers.