26 Beauchamp Place, Knightsbridge, London SW3 1NH

Location.

The property is situated within the Royal Borough of Kensington and Chelsea; a densely populated and affluent area, home to globally renowned cultural attractions such as the Royal Albert Hall, Saatchi Gallery, Natural History Museum and the Victoria & Albert Museum.

It is situated in an area of high value Residential property. Beauchamp Place is located off the south side of Brompton Road which runs south to Walton Street, at the junction with Pont Street. The property is located on the west side of the street.

Accomodation.

Executive Summary
– Unencumbered Freehold.
– Retail accommodation on the ground and basement, with office accommodation on the first floor, and residential accommodation on the second and third floors.
– Attractive mid-terraced property just off Brompton Road in the heart of Knightsbridge, home to London’s most renowned restaurants and shops, including department stores Harrods and Harvey Nichols.
– Total combined retail, office and residential rental income is £165,750 per annum.
– Guide price – £3,300,000 reflecting a net initial yield of 4.70% after purchaser’s costs for the freehold interest, although a sale of the SPV is also possible.

Tenure
Unencumbered freehold subject to the leases below (a corporate purchase is available to mitigate stamp duty).

Ground Floor & Basement Retail Unit
The ground floor and basement shop is occupied by Maison Dental Limited on a lease at a rent of £93,000 per annum exclusive for a term of 10 years outside the Landlord and Tenant Act 1954 from 7th July 2020.

First Floor Office
The first floor is occupied by Chelsea Nails Spa Ltd on a lease at a rent of £30,250 per annum exclusive for a term of 10 years outside the Landlord and Tenant Act 1954 from 3rd February 2023. There is a rent review on 3rd February 2028.

Second & Third Floor Offices
The second and third floors are occupied by Ms Sudarat Srisopanamate, trading as Thai Therapeutics on a lease at a rent of £42,500 per annum exclusive, rising to £45,000 in April 2027. The lease is for a term of 5 years contracted outside the Landlord and Tenant Act 1954 from 6th September 2022.

The total combined retail and office rental income is £165,750 per annum.