5-13 Bute Street, South Kensington, London SW7

5-13 Bute Street, South Kensington, London SW7

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  • A rare opportunity to acquire the freehold interest in a dominant retail parade located in the prestigious Royal Borough of Kensington and Chelsea

  • First time to the market since 1947

  • Freehold

  • Prominantly located property providing in total 6,395 sq ft (594 sq m) with over 65 feet (20 metres) of prime retail frontage

  • Post-war building extending over three floors and comprising four retail units and five independent maisonettes

  • Tenants include Ceru Restaurants Ltd, Blue Tanning & Beauty Ltd and Carpet Interiors Ltd

  • Six leases with two vacant maisonettes

  • Opportunity to extend residential accommodation by 2,326 sq ft (216 sq m)

  • Current income £270,981 per annum with two vacant maisonettes

  • Offers in excess of £8,750,000 (STC)

  • 3.63% Net Initial Yield and 4.5% Reversionary Yield, after deducting standard purchase costs and assuming £1,100 per sq ft on the vacant residential accommodation

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