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£17,500,000Terraced house for sale
Parkside, Knightsbridge, London, SW1X
Spotlight
Added yesterday
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 a fully income-producing retail parade of ten units with an exceptional 65m prime frontage on Knightsbridge, adjacent to the Mandarin Oriental and directly opposite Harvey Nichols, with Hyde Park just to the north. The private residential upper parts are excluded.
The property extends over ground and lower ground floors, totalling approximately 20,287 sq. ft. (NIA). The parade is home to a mix of premium retail, wellness/clinic, café, and pharmacy tenants, including Prince Pharmacy, The Knot Café, Fine Cashmere, Cadaro, and Yaprak, generating consistent footfall throughout the day. The parade is fully let, producing a passing rent of £914,250 per annum, with a WAULT of approximately 7.87 years to break and 8.82 years to expiry.
Tenure: Virtual Freehold (999 years from 29/09/1998), with approximately 972 years remaining and a peppercorn ground rent. VAT: Not elected. Planning: Not listed; located within the Knightsbridge Conservation Area. EPCs: Available upon request.
The property extends over ground and lower ground floors, totalling approximately 20,287 sq. ft. (NIA). The parade is home to a mix of premium retail, wellness/clinic, café, and pharmacy tenants, including Prince Pharmacy, The Knot Café, Fine Cashmere, Cadaro, and Yaprak, generating consistent footfall throughout the day. The parade is fully let, producing a passing rent of £914,250 per annum, with a WAULT of approximately 7.87 years to break and 8.82 years to expiry.
Tenure: Virtual Freehold (999 years from 29/09/1998), with approximately 972 years remaining and a peppercorn ground rent. VAT: Not elected. Planning: Not listed; located within the Knightsbridge Conservation Area. EPCs: Available upon 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.