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Land
Cromwell Road, London W14
£5,000,000
Cromwell Road, London W14
£5,000,000
Our Summary
- Key features include a total area of approximately 17,400 sq ft, competitive market rents in the £45–£49 per sq ft range (ground floor) and £20–£25 per sq ft (basement), and significant potential for rental growth as most leases approach review or renewal dates
- – Upcoming lease reviews/renewals provide strong uplift potential
- Massive potential for redevelopment or reconfiguration (STPP)
Description
Smiths House is a prime retail investment opportunity located in a vibrant and high-footfall area of Kensington, surrounded by upscale shopping, popular restaurants, and excellent transport links, including West Kensington Underground Station. The property features seven fully let retail units with street-facing frontages and basement storage, totaling approximately 17,400 square feet. With most leases approaching review or renewal dates, there is significant potential for rental growth, particularly as current rents are below market rates due to the impact of the pandemic. With a current annual rent of £234,500 and market rent potential of approximately £410,000, this is an exceptional opportunity for investors seeking secure income with long-term growth in one of London's most prestigious districts.