Savills centrel London Investment on retail roll

138 Bond Street is let to Italian fashion house Missoni on a new 15 year lease at £310,000 per annum for the 2,539 sq ft (235.88 sq m) property. The property was purchased by a UK investor for £9.5 million which reflects an initial yield of 3.08%,

40-41 Old Bond Street is let in its entirety to French jewellers Cartier Limited with an eight years remaining on the lease. The current rent is £540,000 per annum for the 4,669 sq ft (433.8 sq m) property. The property was purchased by an Irish investor for £18.65 million which reflects an initial yield of 2.74%.

Jonathan O'Regan, Savills associate, comments “Bond Street continues to accommodate the highest quality luxury retailers in London and the rental growth prospects continue to attract many investors. Both these properties were sold for prices substantially above the quoting price and we expect the trend will continue”

Savills has this week brought to the market Rolex’s London flagship store, 100 Knightsbridge, London SW1. The 2,781 sq ft store, freehold investment, forms part of world famous residential development One Hyde Park. Offers are sought in excess of £12.5 million.