24 Neal St
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24 Neal St
2,511 SF 100% Leased Retail Building London WC2H 9QW $7,594,841 ($3,025/SF)
Investment Highlights
- Prime mixed-use freehold Covent Garden property, in the heart of London’s West End
- The retail unit is let to Jimmy Fairly UK Ltd for a further 4.7 years paying a rent of £161,000 pa. The lease is contracted Inside the 1954 L&T Act
- Total income of £250,020 per annum exclusive.
- Occupying a prime position on Neal Street, which runs perpendicular to Long Acre, adjacent to the open square at the junctions of Earlham Street and S
- Jimmy Fairly UK Ltd has a D&B rating of N4 with a Low level of risk
Executive Summary
The property comprises an old Victorian warehouse that has been converted to a mixed-use building with retail use over basement and ground, offices over 1st to 2nd floors and a one-bed flat at 3rd floor level.
The prominent ground floor retail unit is of a regular shape with the basement, used as eye testing suites, accessed from a staircase to the rear. The offices have been refurbished and modernised over time. The residential flat is well laid out with a separate bedroom, kitchen and
bathroom.
There is space on the flat roof to create a unique terrace for the flat or an additional floor, subject to planning
The prominent ground floor retail unit is of a regular shape with the basement, used as eye testing suites, accessed from a staircase to the rear. The offices have been refurbished and modernised over time. The residential flat is well laid out with a separate bedroom, kitchen and
bathroom.
There is space on the flat roof to create a unique terrace for the flat or an additional floor, subject to planning
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,511 SF
Building Class
B
Year Built
1883
Price
$7,594,841
Price Per SF
$3,025
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Amenities
- Bus Line
- Commuter Rail
- Signage
- Storage Space
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Nearby Major Retailers
-
Simon Hall -
Guy Harris -
Hanover Green
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24 Neal St
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