Metrogate House, 3-7 Queens Gate Terrace, South Kensington, London SW7 5PE

The Royal Borough Of Kensington & Chelsea Is One Of The Most Affluent Boroughs Within The UK.
  • Situated at the eastern end of Queen’s Gate Terrace on its southern side close its junction with Queen’s Gate approximately 0.3 kilometres (0.2 miles) to the south of Hyde Park.
  • Three Grade II listed Georgian townhouses interlinked internally on all floors, which have been converted to comprise 52 student bedrooms, arranged over lower ground, ground and 5 upper floors providing a gross internal floor area of 21,199 sq ft (1,969.4 sq m).
  • Single let to Education International Services Limited, who have been in occupation since 1997, for a term of 12.3 years from 11th September 2018, expiring on 31st December 2030, subject to five yearly rental increases to RPI capped at 20%. The lease is excluded from the security of tenure and compensation provisions of sections 24-28 of the Landlord and Tenant Act 1954 (as amended).
  • Low rent equating to only £34.63 per sq ft.
  • Potential for future change of use to residential, subject to planning permission, where values are in the region of £3,000 per sq ft.
  • Freehold.
  • The vendor is seeking offers in excess of £22,000,000 (Twenty-Two Million Pounds) subject to contract. A purchase at this level would reflect a net initial yield of 3.12% off the topped up rent after allowing for purchasers costs of 6.8% and a low capital value of £1,038 per sq ft.

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Contact Details

Ryan Springer

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Office number: 0203 667 5050
Mobile number: 07932 792 531

Alexis Nicolas

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Office number: 0203 667 5050
Mobile number: 07932 708 881