Bidwells Puts High St Kensington Block On The Market

October 17, 2017

BIDWELLS LAUNCHES PRIME KENSINGTON HIGH STREET INVESTMENT SALE

A mixed-use commercial freehold property investment on Kensington High Street, one of London’s most popular shopping locations, has been brought to the market to the market by Bidwells, on behalf of a Cambridge college.

160-166 Kensington High Street is an attractive period building comprising 21,402 sq ft of quality retail and office accommodation, with residential above.

The total annual income is £1.254 million, 74% of which is secured from 5A1 covenants, Metro Bank Plc and Argos Ltd. The income reflects £207-213 Zone A for the retail and only £44 per sq ft for the offices. Adjoining retail units are achieving headline £237 Zone A, and grade A offices have achieved £63 per sq ft, which suggests strong rental growth potential.

Offers are being sought in excess of £27.64 million, which reflects a net initial yield of 4.25%.

Darryl Stevenson of Bidwells commented: “This is a rare opportunity to acquire a mixed-use freehold property in one of the UK’s most exclusive and popular retail locations. It offers an attractive tenant mix, secure income, with future asset management opportunities.”

ENDS

 

Latest News

HELIOS AND NORTHUMBERLAND ESTATES GAIN CONSENT FOR MEGA-SHED

June 2, 2021 - 10:57

Helios Real Estate and Northumberland Estates have been granted planning permission by Stockton Borough Council for a new 2 million sq ft multi-level logistics building to be developed as part of the [...]

+ Read More

Beltane secure second tenant for 255 High Street in Guildford

June 2, 2021 - 10:53

Beltane Asset Management have let another floor at their new office re-development at 255 High Street in Guildford. Investec Wealth & Investment Ltd are relocating from two local offices and have [...]

+ Read More

202 KITCHEN SEEKS NATIONAL EXPANSION

June 2, 2021 - 10:49

Exciting hospitality brand 202 Kitchen is to open its first restaurant this summer, a 6,000 eatery  at Spinningfields, Manchester and has launched a UK-wide search for sites in regional cities. Advis[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR