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Eight Over Eight 392 Kings Rd 10,494 SF 100% Leased Retail Building London SW3 5UZ $6,416,698 CAD ($611.46 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime corner building in Chelsea
- Located on iconic King’s Road retail corridor
EXECUTIVE SUMMARY
Positioned on one of London’s most iconic retail and lifestyle corridors, 392 King's Road presents a rare opportunity to acquire a fully let freehold corner building in the heart of Chelsea. This prime asset comprises a ground and basement restaurant totalling 3,399 sq ft, complemented by five residential flats above, each sold off on long leaseholds. The property benefits from strong income security and is ideally situated in a supply-constrained location where occupational rents surged by 10% in 2024 and vacancy rates remain exceptionally low at just 0.54%.
The King’s Road is synonymous with high-end retail, dining, and cultural vibrancy, drawing consistent footfall from affluent residents and international visitors. The building’s corner positioning enhances visibility and accessibility, making it a standout investment in a market where opportunities of this calibre are increasingly rare. With a net initial yield of 6.00% and a capital value of £1,015 per sq ft, this asset offers both immediate income and long-term capital appreciation potential.
Offers are invited in excess of £3,450,000 for the freehold interest
The King’s Road is synonymous with high-end retail, dining, and cultural vibrancy, drawing consistent footfall from affluent residents and international visitors. The building’s corner positioning enhances visibility and accessibility, making it a standout investment in a market where opportunities of this calibre are increasingly rare. With a net initial yield of 6.00% and a capital value of £1,015 per sq ft, this asset offers both immediate income and long-term capital appreciation potential.
Offers are invited in excess of £3,450,000 for the freehold interest
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
10,494 SF
Building Class
B
Year Built
1891
Price
$6,416,698 CAD
Price Per SF
$611.46 CAD
Cap Rate
6%
NOI
$385,002 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Frontage
AMENITIES
- Bus Line
- Signage
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Eight Over Eight | 392 Kings Rd
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