27 Wrights Lane, Kensington, Paddington, W8 5SW

Rare Freehold Corporate Headquarters office building
Securely let until December 2020 to Warner/Chappell Music Ltd (guarantee provided by WMG Acquisition (UK) Limited)
Comprises 69,205 sq ft of high quality office accommodation arranged over basement, ground and five upper floors with 22 car parking spaces at ground level
Prestigious and globally recognised location in the heart of the Royal Boroughof Kensington and Chelsea, one of the West End’s most exclusive residential, retail and business addresses
Various asset management initiatives including a rent review in December 2015, potential to restructure the existing lease or hold through to lease expiry andrefurbish on Vacant Possession
Reversionary income stream with low passing rent of £2,684,000 per annum reflecting £38.76 per sq ft overall for the offices excluding car parking, offering excellent rental growth prospects
Potential for future alternative uses, including residential
Offers are invited in excess of £53,400,000 exclusive of VAT reflecting a net initial yield of 4.75% and a low capital value of £772 per sq ft assuming standard purchaser’s costs of 5.8%

Location