£40.300.000
Confirmation
Prime West End freehold investment in Soho
London, United Kingdom
Office
#34710
Core+
5 Nov 2024
Property Details
Broker
Sold
23,198 sq.ft.
2,155 m²Leasable area
1,737 £/sq.ft.
18,700 £/m²4.50 %
7
Freehold
Fees
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
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