17 New Row
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17 New Row
2,764 SF Retail Building London WC2N 4LA $1,987,840 ($719/SF) 5.06% Cap Rate
Investment Highlights
- Prime Central London retail investment arranged over ground and lower ground floors (2,764 sqft / 256.78 sqm NIA).
- Let to Waterstones Booksellers Limited until 27/05/2029.
- Low newly rebased rent of £86,000 pa (previous rent £120,000 pa).
- New 250 year long-leasehold at a peppercorn rent.
Executive Summary
The Central London iconic district of Covent Garden is bounded by Leicester Square, Trafalgar Square and Soho, and to the north and east by Holborn and the Mid-Town district.
Covent Garden benefits from c44 million visitors per year who come to experience the world class shops, restaurant and leisure facilities on offer. It is London’s main theatre and entertainment area, offering world class attractions such as the Royal Opera House, Covent Garden Piazza and the Theatre Royal. It is home to 13 theatres and over 60 pubs and bars, providing vibrancy & trading activity from morning to evening.
New Row is a busy pedestrianised retail street linking Bedford Street and St Martin’s Lane. The subject property is situated on the north side of New Row directly opposite Bedfordbury. New Row is one of the main thoroughfares leading into the centre of Covent Garden.
Covent Garden and Leicester Square underground stations are located within a few minutes walking distance. Charing Cross and Waterloo mainline stations are also located close by.
Covent Garden benefits from c44 million visitors per year who come to experience the world class shops, restaurant and leisure facilities on offer. It is London’s main theatre and entertainment area, offering world class attractions such as the Royal Opera House, Covent Garden Piazza and the Theatre Royal. It is home to 13 theatres and over 60 pubs and bars, providing vibrancy & trading activity from morning to evening.
New Row is a busy pedestrianised retail street linking Bedford Street and St Martin’s Lane. The subject property is situated on the north side of New Row directly opposite Bedfordbury. New Row is one of the main thoroughfares leading into the centre of Covent Garden.
Covent Garden and Leicester Square underground stations are located within a few minutes walking distance. Charing Cross and Waterloo mainline stations are also located close by.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
2,764 SF
Building Class
B
Year Built
1900
Price
$1,987,840
Price Per SF
$719
Cap Rate
5.06%
NOI
$100,585
Tenancy
Single
Building Height
5 Stories
Building FAR
1.13
Lot Size
0.06 AC
Frontage
24 FT on New Row
Amenities
- 24 Hour Access
- Security System
- Signage
- Air Conditioning
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Nearby Major Retailers
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
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17 New Row
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