Portfolio St John’s Wood High Street, London, NW8

• Off market
• Freehold
• SPV or asset sale

Individual properties

1.

• Property extends 2,884sqft with accommodation over ground to 3^rd floors
• The ground floor unit extends 1,174sqft with 1,710sqft of residential accommodation above
• The entire building is let to Coral Ltd at £161,000pax
• 15-year lease expiring Oct 2024 and are in the process of a regear, handing back the flats above.

2.

• Restaurant extends 2,930sqft arranged over basement (741sqft), ground (2,067sqft) and 1^st floor (122sqft)
• Restaurant let for £300,000pax (£102psf) to The Wolseley Hospitality Group Ltd t/a Soutine
• 20-year lease expiring 12-Apr-2038
• Freehold includes a 1-bed flat extending 245sqft which is currently vacant, remaining flats are sold off on long leaseholds

3.

• Property extends 2,245sqft with accommodation arranged over ground to 2^nd floors
• Ground floor retail unit extends 944sqft with 2x flats on the uppers measuring 632sqft and 669sqft respectively
• Retail let to Delilarent39 Ltd for £100,000pax on a 10-year lease until 16-Sep-2029
• Residential income totals £48,100pax with reversionary potential
• Total income of £148,100pax

4.

• Unit extends 1,014sqft laid over the ground floor
• Retail let for £116,500pax (£114.89sqft) to Bruno (Menswear) Limited
• 10-year lease expiring 03-Aug-2032 with TB  03/08/27
• Upper floors comprise 3x flats (1,700sqft) also let to Bruno Menswear for £35,000pax on a 10-year lease expiring 11-Jan-2033
• Significant reversionary potential on residential lettings
• Total income of £151,500pax  

5.

• Unit extends 2,972sqft arranged over basement (1,269sqft) and ground floor (1,703sqft)
• Restaurant let for £200,000pax (£67psf) to Troia (UK) Restaurant Limited t/a The Ivy
• 15-year lease expiring 03-Dec-2029

• Selling price £20m for the portfolio but can be split – individual prices in the attachment

We will require a buy side fee

Our Terms

A letter of intent (LOI) from the buyer, preferably on headed paper with their full details, will be required, along with proof of funds, in order for the sellers to conduct their due-diligence, prior to entering in to negotiations, plus our specific NDA/fee agreement.
We will provide vendors with professional support throughout the entire process and beyond, including RICS valuations, coordinating viewings, assessing incoming offers, and protecting your interests during sales negotiations.
For further information, luxury property, off-market, off-plan, developments or investments, marketing or help finding your next property please contact us anytime.
T: +44(0)1604 801012
E: investments@trellows.co.uk
W: trellows.co.uk