94/94A St. John's Wood High Street

Ground Floor Retail with Residential Upper Parts

LOCATION

St John’s Wood High Street is located in the heart of St John’s Wood, providing the area’s main fashion, restaurant and convenience offering. Surrounded by the affluent suburbs of Primrose Hill, Regents Park, Marylebone and Little Venice, St John’s Wood joins these areas as one of north west London’s most desirable residential locations. St John’s Wood is both home and nearby to a number of world-famous tourist attractions including Lord’s Cricket Ground, TFL London Zoo and Abbey Road Studios. The premises benefits from a prime position on St John’s Wood High Street retail pitch, surrounded by a mix of uses including retail, leisure and residential. Nearby occupiers of note include Boots, Face Gym, Gap, Holland & Barrett, Space NK, The Ivy Café and Whistles. The property is just a 2 minute walk to St John's Wood Underground Station (Jubilee Line).

KEY POINTS

• Superbly positioned within the prime High Street pitch
• Ground floor retail investment
• Residential upper part sold on long lease
• Rent £95,075 per annum
• New 10 year lease (tenant option to determine at the 5th year)
• Let to a substantial covenant with guarantor
• Offers sought in excess of £1,195,000 stc with a Net Initial Yield of 7.5%