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A rare Fitzrovia freehold in close proximity to Oxford Street

London, United KingdomUnlock address

89%

£4.250.000

Office

#17132

Core+

30 Sep 2024

Property Details

Broker

For sale

5,098 sq.ft.

474 m²

NIA

833.66 £/sq.ft.

8,966 £/m²

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Freehold

0

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Fees

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Investment Overview

Newly refurbished ground and lower ground vacant offices for sale. Established office, retail and showroom location with strong rental growth prospects. Totalling 5,098 sq. ft (473.6 sq. m) NIA of modern Class E accommodation over ground and lower ground floors, with 23 residential apartments above let on long leases. Offered with full vacant possession. Opportunity to let the accommodation, with Fitzrovia office rents now achieving over £120 per sq. ft. Ideally suited for owner occupiers and investors. Private residential apartments sold on long leases producing £7,850 per annum. Redeveloped in 2011 this mixed-use building is arranged over lower ground, ground and six upper floors. The building provides self-contained office accommodation on the lower ground and ground floor which was comprehensively refurbished in 2023, with the upper floors comprising of 23 residential apartments sold off on long leases producing £7,850 per annum.