A retail block in Hammersmith, W6, has been put on the market for £24m – a 4.5% yield.
Cushman & Wakefield and KLM Retail are marketing 49-63 King Street, a 62,000 sq ft block owned by a private investor. TK Maxx occupies 53,017 sq ft, paying £17 per sq ft; the remainder is let to Poundland.
The property was built in the mid-1970s and has long-term redevelopment potential, although it does not have a consented scheme.
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