Freehold disposal of retail and residential estate near the British Museum

Daniel Watney Partnership successfully managed the disposal of the freehold interest in a prominent retail and residential estate on behalf of Davy’s of London.

The property, situated in a highly sought-after location near the British Museum, comprised 12,122 sq ft and was fully let to nine retail tenants.

The estate featured a weighted average unexpired lease term (WAULT) of 6.87 years to expiry and 4.54 years to break, generating a total annual income of £397,512. The sale was completed to a private UK investor at a price of £6,800,000, reflecting a net initial yield of 6.57% and a capital value of £616 per sq ft.

Our team provided dilapidations advice, refurbishment and full transactional support, including lease analysis, income verification, and strategic marketing to ensure maximum market exposure. The sale delivered strong income security and capital growth prospects for the vendor, aligned with their portfolio objectives.