High Yielding Long Leasehold Opportunity On Tottenham Court Road
Summary
Tottenham Court Road sits in the heart of London’s West End within Fitzrovia.
Interests benefits from FRI leases to TCR Furniture Limited (trading as Camerich) expiring 28 June 2031 (just under 8 years remaining), arranged over 5,700 sq ft NIA.
The overall total net income equates to £422,841 per annum.
Long leasehold.
The current showroom unit benefits from numerous re-letting prospects due it its ability to be split back into a variety of different sizes.
Seeking offers in excess of £4,000,000 (FOUR MILLION POUNDS) for the Leasehold interest of the property net of purchaser’s cost.
A purchase at this level reflects a Net Initial Yield of 9.90%, net of purchaser’s costs of 6.80%, subject to contract and exclusive of VAT.
