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March 2, 2017

Rare Mayfair mixed use retail and office asset providing the opportunity to hold as an investment, redevelop or refurbish the existing property

  • Highly reversionary.
  • Prime retail rents on Conduit Street (where the asset is located) are now £550.
  • Westminster City Council have recently supported a planning pre-application to demolish and redevelop the property, extending it to 7 floors reflecting a net internal floor area of 15,612 sq ft (20,291 sq ft GIA)
  • Major tenant: The East India Company Fine Foods Ltd
  • The property is held in a BVI SPV. The entire share capital can be sold, thereby mitigating any stamp duty. Purchasers costs are therefore 1.80%
  • Asking price: GBP36 million

Click here to download the teaser

Megan Hutchinson
Retail Investment, JLL UK

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