Investment.

London.

129-137 Kensington High Street, W8 6SU

Map View

Status.

Available

Price.

£26,650,000 (Subject to Contract and Exclusive VAT)

Service Charge.

£101,204.62. Of this amount £79,775.39 is attributed to the residential element and is effectively a Landlord cost. The Landlord also insures the residential element at a cost of £9,030.68 for the year ending 30/04/2025.

Location.

The Royal Borough of Kensington & Chelsea is one of London’s most exclusive and affluent residential and commercial districts.

It is situated some 2 miles (3.2km) west of Mayfair and 1 mile (1.6km) west of Knightsbridge. The locality is home to some of London's wealthiest professionals and families as well as a variety of aspirational retail and leisure occupiers and renowned tourist attractions.

The Royal Borough is one of the most compact boroughs in London and one of the most densely populated districts with circa 143,400 people residing over its 4.7 square miles, with the River Thames bordering to the south and Hyde Park to the east.

Occupying a highly prominent 100% prime corner site on the popular southern side of Kensington High Street at its junction with Wright’s Lane and adjacent to the new Boots store and Kensington Arcade, which forms the entrance to High Street Kensington Underground station.

Kensington Arcade and the recently developed Wrights Arcade (with the new, prestige, 95,000 sq ft. Kensington Building above) are located directly opposite the subject property on Wrights Lane, as well as a secondary entrance to High Street Kensington Underground Station.

The station and arcades benefit from annual footfall of over 15 million passengers per annum. Footfall is supplemented by a number of notable office occupiers such as Warner Music Group, located within close proximity on Wrights Lane.

Description.

129-137 Kensington High Street & 2 Wright’s Lane is a highly attractive and prominent corner block, comprising five prime retail units, a long established first floor dentist suite and 20 flats let on a mixture of ASTs and regulated tenancies.

The retail units benefit from a frontage of circa 90ft (27m) onto Kensington High Street and occupy a 100% prime pitch, also benefiting from a prominent return frontage onto Wright's Lane. Two of the five units trade over both ground and basement levels; the remaining three trade from ground floor level only. All are well configured and fitted out to individual tenant specifications.

The residential element and dentist suite are arranged over first to fourth floors and are accessed from designated, self contained access' on Wright's Lane. The residential accommodation includes a combination of studios, one and two bed self-contained flats which are let on a mix of assured shorthold tenancies and regulated tenancies. The flats which are let on assured shorthold tenancies have generally been well maintained and are in good lettable condition.

The Landlord undertook a comprehensive refurbishment of the external facade in 2022 investing more than £800,000. Further details are available on request.

Rent.

£1,348,357 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 5.5%.

Share.

All viewings are strictly by prior appointment.

Alex Murray .

Associate Partner | Agency

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

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