Verified listing
Share:

Two office buildings in Prime Soho location

London, United Kingdom

76%

Offers invited

Office

#33356

Core+, Value-Add

27 Oct 2024

Property Details

Broker

Sold

13,499 sq.ft.

1,254 m²

Leasable area

7

Freehold

X

Fees

0.00 %

0.50 %

0.50 %

0.40 %

Investment Overview

Two office buildings, totalling 13,499 sq ft (1,254 sq m) NIA, plus an 818 sq ft garage. Connected at ground and lower ground floors with a large lightwell separating the upper floors. The buildings are independently accessed with separate lift and stair cores, giving access to well-configured offices suites. Excellent natural light and generous floor to ceiling heights. Multiple asset management opportunities for refurbishment, extension, change of use and redevelopment, subject to planning. Implemented planning consent for conversion of building to provide 7 residential apartments. Multi-let with rolling 3-month mutual break options to facilitate a flexible short term block date.Passing rent of £334,235 pa, which reflects only £24.76 per sq ft overall. Rents on Soho Square have achieved over £100 psf.