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Office for sale in Mayfair

London, United Kingdom

84%

£16.000.000

Office

#15060

Core+, Value-Add

2 Nov 2024

Property Details

Broker

For sale

9,155 sq.ft.

851 m²

Gross area

1,747 £/sq.ft.

18,801 £/m²

Freehold

6

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Rare opportunity to acquire a Mayfair freehold. Attractive Grade II listed Georgian building comprising 6,550 sq ft NIA arranged over lower ground, ground and five upper floors. Multi let modern office accommodation with an ancillary lower ground floor residential apartment. Total contracted income of £408,263 per annum, reflecting WAULT to breaks of 0.9 years and a WAULT to expiries of 2.1 years. Extremely low average passing rent of £66.53 per sq ft on the office accommodation offering the opportunity to capture significant rental reversion against prime. Mayfair rents in excess of £150.00 per sq ft. Suitable for both owner occupiers and investors.