£14.000.000
Confirmation
Mixed-use period building
London, United Kingdom
Mixed use
#34385
Core+
28 Oct 2024
Property Details
Broker
Sold
9,087 sq.ft.
844 m²Leasable area
1,540 £/sq.ft.
16,587 £/m²Freehold
Fees
Investment Overview
Located in close proximity from Green Park and Piccadilly Circus Underground Stations, with Victoria and Charing Cross terminal stations nearby. Attractive mixed-use period building comprising 9,087 sq ft of retail, offices and residential use benefiting from excellent levels of natural light throughout. Vacant Possession achievable within 15 months. Value add opportunity with historic planning consent for four luxury residential apartments, residential values are in excess of £3,000 per sq ft. Historic planning consent granted in 2015 to create an additional 1,502 sq ft to the property with a revised total net internal area of 10,589 sq ft. Multi-let building with a gross income of £337,496 per annum and a net income of £291,763 per annum.
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