Stunning super prime freehold St James’s building steeped in British fashion history having been built by Burberry as their headquarters for almost 100 years

Gross internal area is 31,384 sq ft (NIA 25,800 sq ft)
Arranged over basement, ground and 3 upper floors.
Let entirely to globally known premium fashion retailer Dover Street Market International (DMSI) Ltd with surety from Comme Des Garçons International SAS
Passing rent of £2,570,612 p.a.
Let until 2034, subject to a tenant break clause in 2029.
Landlord friendly rent reviews, based on the higher of A1/A2/A3 for the ground, basement and 1st floors and high quality offices with separate entrance for the 2nd and 3rd floors, thus allowing scope for a significant increase at review.
Offers in excess of £65,000,000 which would represent an net initial yield of c.3.9% and
a reversionary yield, post 2024 rent review, of 6% (assuming 1.8% costs for an SPV purchase). This represents a capital value per square foot of £2,031 based upon the Gross Internal Area.