Clifton Agency are pleased to complete on the sale of 180-184 Earls Court Road, London SW5.
This Zone 1, unbroken leisure and retail parade is located on the west side of Earls Court Road and a short, 2 minute, walk away from Earls Court Station. This is a prominent retail and leisure led pitch with nearby occupiers including Robert Dyas, Holland & Barrett, Costa, Franco Manca, Vodafone and Nando’s.
The accommodation totals 12,665 sq ft and is let on three tenancies with a WAULT of approximately 10 years (7 years to break). The property provides an income of £263,000 per annum.
After competitive interest at auction from a wide variety of potential investors, the property was sold by Columbia Threadneedle to a private investor for a price of £3,750,000 (6.58% NIY). Allsop LLP acted as joint auctioneer in this transaction.
Jim Remfry commented:
“It was great to work with Allsop on the sale of this parade in the cosmopolitan and bustling Southwest London suburb. To achieve this result in the current, challenging economy was a real testament to everyone involved in the sale.”
For further information on this deal or help with selling commercial property in London, please contact the investment team at Clifton Agency.
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