Buccleuch Property is delighted to announce the acquisition of 116-126 Wardour Street, a prime asset in the heart of Soho, for £14 million. The purchase reflects an attractive day-one yield of 5.1% and presents several asset management opportunities in the coming years.
Strategic Location
Situated in one of London's most vibrant and sought-after districts, Wardour Street has recently experienced significant rental growth and increasing occupational demand. The property's proximity to the Elizabeth Line enhances its connectivity, attracting a diverse mix of Londoners and tourists alike. The area's appeal is set to strengthen further with new developments in the pipeline.
Portfolio Enhancement
This strategic acquisition bolsters the Buccleuch Property portfolio, providing greater sector diversity and exposure to an exciting area of central London. The purchase represents a robust investment in one of the capital's most dynamic locations.
Transaction Details
Philip Eves, Investment Director at Buccleuch Property, commented: "We are thrilled to add this prime Soho asset to our portfolio. The property's location in the heart of one of London's most vibrant districts, coupled with its potential for asset management, aligns perfectly with our investment strategy. A key consideration in our buying process is seeking buildings with proven tenant appeal and strong reletting potential. This property absolutely meets these criteria, and we look forward to enhancing the property over the coming years."
Buccleuch Property was represented by Patrick Clark of Levy Real Estate, whilst the vendor, Land Securities, was represented by Henry Guiver of Allsop.
