We are thrilled to announce the successful sale of Helical’s freehold interest in The Power House, 70 Chiswick High Road, London W4 1SY, to Riverside Capital for £7,000,000. This notable transaction represents a net initial yield of 7.35%.

This iconic property is let to Metropolis London Music Ltd, with 19 years remaining on the lease. Generating an annual rent of £548,054, the lease benefits from rent reviews scheduled for November 2026 and every five years thereafter. The building spans an impressive 21,268 sq ft of net usable space and includes 19 flats sold off on long leases.

The Power House is steeped in musical history, having served as a premier recording studio for over 30 years. It has played host to legendary artists such as The Rolling Stones, Elton John, Queen, George Michael, Amy Winehouse, Adele and Mark Ronson, who have recorded, mixed or mastered some of their most iconic music within its walls.

This sale not only highlights the enduring appeal of London’s commercial real estate but also reflects our commitment to delivering results in transactions across all sectors. The cultural significance of The Power House adds a unique dimension to this landmark deal, underscoring the property’s place in both the real estate and music worlds.