Cluttons has purchased a block of 3 retail units with a first floor gym totalling 19,648 sq ft with residential conversion potential on the upper floors on Kensington High Street. The freehold interest was purchased for a private client for £12.8 million, reflecting a net yield of 5.5%. How we helped Having identified the opportunity, we guided the client through the entire investment purchase process. We inspected the building on numerous occasions, measured it and undertook the full due diligence required. We provided in-depth analysis on the maximum pricing for the asset. We advised on its potential to enhance value through rent reviews and lease re- gears and development potential. Kensington high street retail block purchasedWe secured the building for the client against Central Londo

Join for free to read