34-38 Southampton Street, London
A freehold office, retail and restaurant investment comprising two interlinking buildings arranged over basement, ground and four upper floors.
The property is let to 10 tenants at a passing rent of £554,223 pa; 41% from the retail and 59% from the offices. The retail leases expire over the next five years whilst the office leases range from 0 to 8 years. Four of the tenants are holding over. The property has a weighted average unexpired lease term of 4 years to expiries.
The property was acquired as part of the Covent Garden Portfolio.
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