From
£17,500,000
Terraced house for saleParkside, Knightsbridge, London SW1X
About this property
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 IoM spv, c.5.13% niy, c.£863 psf (assuming purchaser’s costs of 1.80%).
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.
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