Michael Elliott
Transaction

Bond Street House

15-16 New Bond Street & 14 Clifford Street, London, W1

Trophy retail led investment located on arguably the best corner position on Bond Street in the heart of Mayfair.

Price: £160m

Yield: 4.38%

Status: Sold (Mar 22)

Tenure: Leasehold

Transaction details

Description

30,273 sq ft (2,812 sq m) of office and retail accommodation arranged over lower ground, ground, mezzanine and five upper floors.

Tenancy

Held long leasehold from the Pollen Estate expiring in March 2125 (approximately 103.5 years unexpired) at a gearing of 25% of rents received.

Development opportunities

Significant longer term development potential to increase the NIA by up to 6,500 sq ft (a 22% uplift).

Location

Situated at the corner of New Bond Street and Clifford Street, the gateway to Bond Street’s exclusive “Jewellery Quarter”.

Get directions

Mark Shipman

Managing Director

+44 7850 514414

Dominic Rowe

Managing Director

+44 7771 766094

Scott Lister

Director

+44 7823 325785

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