Marylebone Unbroken Freehold Investment

Opportunity to acquire the unbroken freehold of a mixed-use building in one of the world’s most renowned medical districts, and one of London’s most desirable residential areas. The medical accommodation is situated on the lower ground, ground first and second floors. The residential element comprises a duplex apartment arranged over the third and fourth floors, with a private roof terrace on the fifth floor. Access to all floors via passenger lift, renewed in 2014. All commercial tenancies outside the Landlord & Tenant Act. No limit on number of medical practitioners within the building (rare for Harley Street Medical Enclave). Total commercial NIA of 3,750 sq ft, and a residential GIA of 1,935 sq ft. The current rent from the commercial element is £304,000 pa, rising incrementally to £336,000 pa by 2025. WAULT of 4.53 years to expiry. The passing rent from the duplex apartment is £80,600 pa, reflecting a total passing income of £384,600 pa, rising to £409,600 by December 2022.