Mixed-Use Westminster Freehold Investment

Investment Summary

• Rare opportunity to acquire a prime freehold mixed-use investment in Westminster.
• Prominent position on the iconic Whitehall, within 150 metres of Trafalgar Square.
• Whitehall benefits from a wealth of London’s top attractions and excellent proximity to transport connections.
• 35 Whitehall comprises a well-configured six storey commercial and residential building extending to 3,732 sq ft.
• The commercial accommodation is arranged over ground and basement floors and let at £83,500 pa.
• The upper four floors provide four flats let on ASTs producing a highly reversionary £107,840 pa.
• Total passing rent of £191,340 pa providing excellent potential for rental growth.
• Excellent asset management and development opportunity with potential to refurbish, re-let and capture immediate rental growth or redevelop and extend the property (subject to necessary consents).

Our client is seeking offers in excess of £4,250,000 (Four Million, Two Hundred and Fifty Thousand Pounds) for the freehold interest, reflecting a net initial yield of 4.23% and a low capital value of £1,138 psf. Subject to Contract and Exclusive of VAT.