Verified listing
Share:

Prime West End freehold investment in Soho

London, United KingdomUnlock address

85%

£40.300.000

Office

#34710

Core+

24 Jun 2024

Property Details

Broker

For sale

23,198 sq.ft.

2,155 m²

Leasable area

1,737 £/sq.ft.

18,700 £/m²

4.50 %

7

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Prominently located in the heart of Soho on one of the West End’s finest garden squares. Rarely traded square with only 6 buildings sold in the last 10 years. Beautiful period facade with open plan warehouse-style office floor plates. 23,198 sq ft of offices over lower ground, ground and seven upper floor. 4 out of 7 upper floors benefit from external terracing. Exceptional natural light from front and rear and generous floor to ceiling heights throughout. Multi let to 7 tenants at a passing rent of £1,936,937.50 per annum. Reversionary rent of £84.88 psf overall, significantly below Soho prime rents of £125+ per sq ft. Severely restricted supply of small suites in core Soho. Potential to secure vacant possession in Q4 2026, with all leases held outside the 1954 Act