Located in the Heart of Fitzrovia, W1T 1TG

Investment For Sale in London

A Corner Sited Mixed Use Freehold Investment located in Central London in the Heart of Fitzrovia

  • 1,305 sq ft Gross Internal Area
    ( 121 sq m )
  • Price: Offers in excess of £2,300,000
HIDE
2017-04-19 13.03.48.jpgImage from Google Street View - 1562017-04-19 13.07.07.jpg2017-04-19 13.06.54.jpgIMG_0945.JPG2017-04-19 13.16.07.jpg

Key Points

  • Mixed use building located in the heart of Fitzrovia
  • Unique opportunity to acquire an impressive corner sited building
  • Freehold
  • Value add opportunity to convert the first and second floor offices to residential use, subject to planning
  • Current Rent of £80,300 per annum
  • Offers in excess of £2,300,000

Description

An impressive corner sited period building forming part of a terrace of similar properties, arranged over basement, ground and four upper floors.

The ground and basement floors are used for restaurant and hot food take away. The self contained upper floors comprise offices at first and second floor and a maisonette over the third and fourth floors that has now been sold off.

Tenure

Freehold.

Tenancy Schedule

See Marketing Brochure attached.

Proposal

We have been instructed by the vendor to seek offers in excess of £2,300,000 subject to contract, for the freehold interest reflecting a net initial yield of 3.28% after allowing for purchasers costs of 6.34%.

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction.

Business Rates

Available on enquiry

Service Charge

Available on enquiry

Goodge Street is located to the north of Oxford Street and west of Tottenham Court Road in the West End. Located in Fitzrovia the area is an increasingly popular Central London location and has attracted a combination of major occupiers from the media, broadcasting and creative sector together with boutique restaurants. The property is located on the corner of Charlotte Place and Goodge Street and in close proximity to the redevelopment of the former Middlesex Hospital, developed by Exemplar, in partnership with Aviva and Kaupthing. Fitzroy Place provides 235 private apartments, 20,000 sq ft of retail/restaurant space, 220,000 sq ft of commercial space including the head office for Estee Lauder in addition to health and educational facilities and public open space. The property benefits from excellent communication links with Goodge Street (Northern Line) Tottenham Court Road (Central and Northern Lines), Warren Street (Northern and Victoria Lines), all within easy walking distance. In addition the property is well served by several bus services providing direct access to Kings Cross/ St Pancras International, Victoria and Charing Cross, Putney and Hammersmith.