Sold

16-18 Beak Street, London, W1

London - M25

dba312

Mixed Use
£13,100,000

Tenure: Freehold
Tenancy: Multi-Let

Investment summary

• Attractive, six storey period building occupying a highly prominent corner site.

• Situated in a prime Soho position just off Regent Street, in direct proximity of Golden Square and Carnaby Street.

• Double fronted restaurant with self contained, high specification, triple aspect offices above.

• Total accommodation of 1,097.84 sq m (11,817 sq ft) with regular floorplates of approximately 1,700 sq ft over the upper floors.

• Multi let to five tenants with 46% of the income secured against the undoubted covenant of Pizza Express on a new unbroken 15 year lease.

• Total rent passing of £645,599 per annum.

• Newly let restaurant, and reversionary offices, let off a low average base rent of less than £50 per sq ft.

• Substantial freehold interest.

• Multiple asset management opportunities to enhance value.

• Seeking offers in excess of £12.85 million subject to contract and exclusive of VAT reflecting the following attractive yield profile and a capital value of £1,087 per sq ft:


• Net Initial Yield: 4.75%
• Equivalent Yield: 5.15%
• Reversionary Yield: 5.30%

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF

Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.