£8,000,000
(£508.94/sq. ft)
Retail premises for saleRetail Investment, Centre Heights, 139 - 151 Finchley Road, London NW3
15,719 sq. ft
Added on
Robert Irving Burns
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About this property
Prominent parade of retail units arranged over ground and basement floors on Finchley Road (A41), a well-established and affluent Northwest London retail pitch.
The parade benefits from multi-let income, diversified across national, international, and established high street occupiers including Marks & Spencer, kfc and Subway.
The parade comprises 15,719sq ft.
Producing a total rent of £529,000 per annum including rooftop telecoms income.
Highly reversionary income with retail rents averaging £31.36 per sq ft as against recent evidence in excess of £38 per sq ft.
Immediate reversion possible with outstanding rent reviews and reversionary expiring tenancies.
Offers are invited in excess of £8,000,000 (Eight Million Pounds), subject to contract for the benefit of a new 999-year long leasehold interest at a peppercorn rent.
Description
The property comprises a continuous parade of retail units arranged over ground and basement floors, extending from 139 to 151 Finchley Road.
Each unit benefits from direct frontage onto Finchley Road, providing strong visibility and prominence. The parade is occupied by a diverse mix of retailers and food & beverage operators, supporting income resilience and reducing concentration risk. Notably, approximately 40% of the total income is secured to blue chip covenant Marks & Spencer.
The asset further benefits from rooftop telecoms income, providing additional contracted revenue with minimal operational management.
Location
Finchley Road is a major arterial route (A41) running north-west from Central London through St John’s Wood, Swiss Cottage and Hampstead, providing strong connectivity, high volumes of traffic and sustained local footfall.
The property is situated within Swiss Cottage, a well-established and affluent North West London location supported by strong residential density, excellent transport connectivity and a proven retail environment.
Swiss Cottage Underground Station (Jubilee Line) provides direct connectivity to Central London and Canary Wharf, while Finchley Road is served by numerous bus routes. The immediate area is characterised by a strong mix of national retailers, food & beverage and convenience operators, underpinning occupational demand.
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