29 Pall Mall, St James, London SW1
A unique opportunity to acquire a long leasehold office opposite the RAC club along one of London’s most prestigious thoroughfares.
This is a boutique private office space with a great deal of character and charm. The accommodation provides 1,088 sq.ft including a generous ground floor reception/waiting area, with the remaining offices accessed via a feature staircase onto the lower ground floor. The staircase at the front brings in light to the lower ground floor open plan area and there is also a very stylish boardroom with a wall-mounted television and beautiful bespoke furniture.
Other amenities include a galley kitchen, private WC, burglar alarm and a CCTV system.
This accommodation is discreet, has a great deal of style and has its own front door with frontage to Pall Mall.
The offices have been Let to Fraser Yachts on a 5 years lease with a tenant’s break at year 3, subject to a passing rental of £76,100 pa. The 106 year long lease is available for sale at a price of £1.5m reflecting a gross yield of 5.06%.
Currently the premises is being used as an office, but the lease also allows for A2 and A1 uses.