For SaleRetailUnverified

Brand New Zone 1 London Restaurant Investment

Unit 2AA05, Embassy Gardens, London, London SW11

CommercialUK

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Price
£890,000
Size
1,732 sq ft
Tenure
leasehold
Listed
Today

Property Description

• Nine Elms forms part of the larger Vauxhall Nine Elms Battersea (VNEB) Opportunity Area, which is one of the largest regeneration projects in Europe and most exciting urban regeneration projects that London has ever seen. • Affluent demographic - with 59% of the population categorised as ‘City Sophisticates’ (16.2x larger than the national average) and 40% categorised affluent AB social grade (against a national average of 22.3%). • The property comprises a brand-new double height 1,732 sq ft (GIA) commercial unit situated below the landmark, Embassy Gardens residential scheme (sold off). New Virtual Freehold interest – 999 years at a peppercorn rent. • The property is let to Lim Junye Ltd (t/a Evernight) on a 10 year lease expiring 12th May 2032, subject to a tenant break on 13th May 2027. • The lease is contracted outside the Security of Tenure provisions of the Landlord & Tenant Act 1954. • The property has an EPC rating of B. • We are instructed to seek offers in excess of £890,000 (Eight Hundred and Ninety Thousand Pounds), reflecting an attractive Net Initial Yield of 7.00% after a deduction of standard purchasers’ costs (5.62%).
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K
Knight Frank - Alex Jimenez

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