Assembly Rooms 111 Putney High Street, SW15

  • A newly developed commercial building of an exceptional standard, benefiting from long term, secure income.

  • Freehold

  • Let to two exceptionally strong tenants in Natwest and Gallaher Limited (ultimately owned by the Government of Japan) on FRI leases, producing a total income of £1,489,580 per annum.

  • Rare long term secure income with 10.5 years to expiry and 7.1 years to lease breaks.

  • 26,321 sq ft of office and retail accommodation over basement, ground and three upper floors.

  • Highly prominent corner position fronting Putney High Street and Werter Road, less than 150m from Putney Station.

  • Guaranteed performance at the 2024 Natwest review, subject to 5 yearly annual RPI indexation (4% cap and 2% collar). Current RPI forecasts would show a c.22 bps improvement to the running yield.

  • Outstanding sustainability credentials with features including a 1,755 sq ft panoramic roof terrace, an on-site gym with shower and bicycle facilities and an EPC of B on the offices.

  • Further transformational mixed-use developments are planned along Putney High Street including 56-70 Putney High Street (M&G Investments) and Liberty Gardens (Savills IM).