Proud Embankment: Long-income investment opportunity on Victoria Embankment, WC2

As unique, prime central London investment opportunities go, this one takes centre stage – Hanover Green is bringing Proud Embankment, one of London’s landmark live entertainment venues, to the market.

Located at 8 Victoria Embankment on the northern bank of the River Thames, and within London’s world-renowned culture cluster which attracts more than 44 million visitors each year, Proud Embankment comprises 19,289 sq ft of amphitheatre-style live events space, configured around a large stage, with further bar and restaurant space.

The venue is let to Proud Cabaret – one of the industry’s most successful operators – for a further 19.5 year and benefits from an exceptionally rare 5am late-night alcohol licence.

The venue generates rent of £949,996 per annum, reflecting £49.25/sq ft overall.

Adding a bit of pizzazz to the investment market, we’ve been instructed to seek offers in excess of £13.995m for Proud Embankment, which reflects a net initial yield of 6.36%.

To find out more about this rare opportunity, get in touch with Simon Hall or Simon Beckett, or our joint agents at Knight Frank.

Proud Embankment  Proud Embankment

 

Contact us

Hanover Green LLP
33-34 Great Pulteney Street
London W1F 9NP

T: +44 (0) 20 3130 6400
E: sholmes@hanovergreen.co.uk