£2,300,000
(£1,376.42/sq. ft)
Retail premises for sale16 Bute Street, London SW7
1,671 sq. ft
EPC Rating: C
About this property
Rare opportunity to acquire a freehold interest in one of Central London's most sought-after retail and residential locations.
Situated on Bute Street, a vibrant pedestrianised retail parade approximately 100 metres from South Kensington Underground Station.
Comprises a fully let ground floor café occupied by Suzette Ltd together with a self-contained three-bedroom maisonette arranged over first, second and third floors.
Producing an income of £124,636 per annum.
Ground floor commercial accommodation benefits from annual rpi-linked rent reviews providing attractive inflation protection and income growth.
Residential accommodation let to Accomodo Living Ltd on a lease expiring May 2031.
Strong underlying asset management opportunities through future residential reletting and long-term rental growth within one of London's most affluent districts.
Offers are invited in excess of £2,300,000 (Two Million Three Hundred Thousand Pounds), subject to contract.
The property comprises an attractive mixed-use freehold building arranged over ground, first, second and third floors. The ground floor is occupied by Suzette Ltd, a well-established French café concept trading from a prominent retail position on Bute Street.
The upper parts comprise a self-contained three-bedroom maisonette
arranged over first, second and third floors and let to Accomodo Living Ltd. The property provides a diversified income profile combining secure commercial income with residential accommodation in one of London's most sought-after residential markets.
The commercial lease benefits from annual rpi-linked rent reviews, providing attractive inflation protection and future rental growth.
Location
The property occupies a prime position on Bute Street, one of South Kensington's
most established and desirable retail destinations.
Bute Street is a charming, pedestrianised thoroughfare connecting Thurloe Place
with Old Brompton Road and is renowned for its boutique retailers, independent
cafés and restaurants.
The immediate area benefits from exceptional footfall generated by affluent
residents, international visitors, office workers and students, together with the
substantial tourist draw of the nearby Natural History Museum, Victoria & Albert
Museum and Science Museum. South Kensington continues to be regarded as
one of London's premier residential and retail locations, underpinned by strong
wealth demographics, excellent transport connectivity and world-class cultural
attractions.
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