The last shop at the Candy brothers' One Hyde Park development, SW1, has been put up for sale.
Project Grande, the joint venture between Christian Candy's CPC Group and the prime minister of Qatar's Waterknights, is inviting offers for the virtual freehold for in excess of £21m - a 3.6% net initial yield.
The yield is predicted to rise to 4.35% and 4.99% with indexed reviews. The property is let to the first UK premises of Abu Dhabi Islamic Bank for a further 14 years at a rent of £800,000 pa.
The adjacent stores let to Rolex and McLaren have sold at net initial yields of 2.91% and 3.3%, respectively.
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| Candy Brothers Development |
Project Grande has achieved more than £100m of sales at One Hyde Park in 2012, £60m of which has already completed. The last of the 11 five-bedroom apartments at the development sold last week for £60m.
At almost 9,000 sq ft, the five-bedroom apartments are the biggest units at One Hyde Park after the penthouses.
Edward Lewis, director of residential development sales for Savills, which advises Project Grande, said: "Over £1.5 bn of sales have completed already at One Hyde Park making it the most successful residential scheme in London and probably the world."
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