Riverlight, Nine Elms Lane, Wandsworth
Sale of Secure Retail & Leisure Investment
Bruce Gillingham Pollard were tasked to effect a swift sale of the property. We produced marketing particulars and agreed terms for the sale within two weeks of receiving instructions.
• Block B – Let to Sainsbury’s on a 15 year lease from August 2016.
• Block C – Let to JLL on a 15 year lease from March 2016.
• Block 5 – Let to Busy Bees for 25 years from August 2016.
Bruce Gillingham Pollard advised on the sale of and achieved a sale price of £5,800,000 reflecting a net initial yield of 4.22%
The units comprise of modern purpose built, fully glazed units, which provide well configured accommodation arranged over ground floor and basement level, with a full height frontage onto Nine Elms Lane and the River Thames. The units are positioned below residential accommodation, which has been sold to a majority share of owner occupiers.
Riverlight occupies a prime riverfront location within Nine Elms. The Ballymore Embassy Gardens development is directly opposite and other nearby developments include; Battersea Power Station, New Covent Garden Market, One Nine Elms and St George’s Wharf.