Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 100023610046
Tenure Type Leasehold
Building Area

Property Description

Trophy office investment in St James's, one of London’s most desirable sub markets.

Investment Highlights

  • 123 Pall Mall is located moments from St James’s Square, London’s most prestigious office address
  • Benefiting from world renowned retailers, restaurants, private members clubs and hotels in close proximity
  • Excellent transport links with Green Park and Piccadilly Circus Underground stations nearby, and Charing Cross and Victoria mainline stations only a short walk away
  • Two of the Royal Parks, Green Park and St James’s Park, are less than 5 minutes’ walking distance
  • The highly specified Grade II Listed building was comprehensively refurbished in 2018 providing 21,101 sq ft (1,960.4 sq m) of Grade A offices over lower ground, ground, mezzanine and five upper floors
  • Generous floor to ceiling heights of up to 3.2m
  • The property is held long leasehold for a term of 127 years from 29th September 1987 (94.3 years unexpired) at a passing head rent of £112,844 per annum
  • Multi-let to a diverse range of tenants providing a strong covenant mix and attractive WAULT of 6.26 years to expiries and 3.16 years to breaks
  • We are instructed to seek offers for the long leasehold interest in excess of £22,750,000 (Twenty Two Million Seven Hundred and Fifty Thousand Pounds), subject to contract, reflecting a net initial yield of 5.00% and capital value of £1,078 per sq ft, assuming 6.80% purchaser’s costs
Last Updated Date: 31 Jul 2020
Rob Corbett
Rob Corbett
Head of West End Capital Markets
Guy Harris
Guy Harris
Director - West End Investment

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+46812111187
Last Updated Date: 31 Jul 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.