Everyman, Crystal Palace, London, SE19

• Long let, London investment with strong underlying residual value.

• Guaranteed by Everyman Media Group PLC.

• On 28th September 22, Everyman Media Group PLC issued a strong financial statement in their Interim Report for the 26 weeks to June 2022.

• Low initial rent of £225,000 per annum equating to only £13 per sq ft.

• RPI linked rent reviews with a collar and cap of 1% and 4% respectively.

• Gross Internal Area of 17,224 sq ft.

• Freehold.

• Offers sought in excess of £4,215,000 (Four Million Two Hundred and Fifteen Thousand Pounds), subject to contract and excluding VAT. After allowing for purchaser’s costs of 6.80% and assuming a RPI increase of 4%, this would reflect

  • Net initial yield 5.00%

  • Reversionary yield 6.10% (Sept 2027)

  • Capital value £245 per sq ft