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£17,500,000Terraced house for sale
Parkside, Knightsbridge, London, SW1X
Period property
Terraced house
20287
Key information
Features and description
- Prime Knightsbridge position opposite Hyde Park, moments from Harrods and Harvey Nichols.
- Unbroken parade of 10 Class E units arranged over ground and lower ground floors.
- C.65m (214 ft) continuous frontage to Knightsbridge.
- C.20,287 sq ft NIA across the parade.
- 100% let to a diverse mix of retail, wellness and hospitality occupiers; passing rent £914,250 p.a.; WAULT c.7.87 yrs (break) / 8.82 yrs (expiry).
- Virtual Freehold: 999 years from 29/09/1998 with c.972 years unexpired, peppercorn ground rent.
- Not elected for VAT; property not listed; within the Knightsbridge Conservation Area.
- £17,500,000 for Io M SPV, c.5.13% NIY, c.£863 psf (assuming purchaser’s costs of 1.80%).
A rare opportunity to acquire an intact, income-producing retail parade of ten units with outstanding 65m prime frontage on Knightsbridge, adjacent to the Mandarin Oriental and diagonally opposite Harvey Nichols, with Hyde Park immediately to the north. The private residential upper parts are not included.
The property is arranged over ground and lower ground floors and totals approximately 20,287 sq ft (NIA). Tenants include a mix of premium retail, wellness/clinics, cafés and pharmacy brands (e.g., Prince Pharmacy, The Knot Café, Fine Cashmere, Cadaro, Yaprak), underpinning day-long footfall and resilience. The parade is fully let, producing a passing rent of £914,250 p.a., with a WAULT of c. 7.87 years to break and 8.82 years to expiry.
Tenure: Virtual Freehold (999 years from 29/09/1998), c. 972 years unexpired, peppercorn ground rent. VAT: Not elected. Planning: Not listed; within the Knightsbridge Conservation Area. EPCs: Available on request.
The property is arranged over ground and lower ground floors and totals approximately 20,287 sq ft (NIA). Tenants include a mix of premium retail, wellness/clinics, cafés and pharmacy brands (e.g., Prince Pharmacy, The Knot Café, Fine Cashmere, Cadaro, Yaprak), underpinning day-long footfall and resilience. The parade is fully let, producing a passing rent of £914,250 p.a., with a WAULT of c. 7.87 years to break and 8.82 years to expiry.
Tenure: Virtual Freehold (999 years from 29/09/1998), c. 972 years unexpired, peppercorn ground rent. VAT: Not elected. Planning: Not listed; within the Knightsbridge Conservation Area. EPCs: Available on request.
About this agent
Ernest-Brooks International - Canary Wharf
The South Quay Building, 77 Marsh Wall
Canary Wharf
E14 9SH
020 3544 5717Ernest-Brooks set the benchmark as an award-winning international estate agency, offering specialist services to owners, occupiers or investors within London & UK property markets. With offices throughout London plus four global offices, we can ensure maximum exposure for our clients assets, allowing us to provide an unrivalled service based on honest and direct industry knowledge. Our forward-thinking & disruptive marketing strategy gets your property in front of a vast audience both locally and internationally whilst maintaining a competitive advantage. We assist our clients making informed and guided decisions with a strong proven track record.