£16.000.000
Confirmation
Office for sale in Mayfair
London, United Kingdom
Office
#15060
Core+, Value-Add
2 Nov 2024
Property Details
Broker
For sale
9,155 sq.ft.
851 m²Gross area
1,747 £/sq.ft.
18,801 £/m²Freehold
6
Fees
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.
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