Unit 02, 1 Flower Market Gardens South, Embassy Gardens, London, SW11 7AY

Nine Elms forms part of the larger Vauxhall Nine Elms Battersea (VNEB) Opportunity Area, which is one of the largest regeneration projects in Europe and most exciting urban generation projects that London has ever seen.

Affluent demographic - with 59% of the population categorised ‘City Sophisticates’ (16.2x larger than the national average) and 40% categorised affluent AB social grade (against a national average of 22.3%).

The property comprises a brand-new 677 sq ft (GIA), double height commercial unit situated below the landmark, Embassy Gardens residential scheme (sold off).

New Virtual Freehold interest – 999 years at a peppercorn rent.

The property is let to Furmily Embassy Gardens Ltd on a 15 year lease expiring 14th July 2037, subject to a mutual break option on 15th July 2029, at an affordable rent of £31,000 per annum.

The lease is contracted outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.

We are instructed to seek offers in excess of £425,000, reflecting an attractive Net Initial Yield of 7.00% after the deduction of standard purchasers’ costs (4.09%).