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Rare Freehold opportunity in Mayfair

London, United Kingdom

80%

Offers invited

Mixed use

#35552

Core, Core+

13 Jan 2025

Property Details

Broker

For sale

30,663 sq.ft.

2,849 m²

Leasable area

1

Freehold

X

Fees

0.00 %

0.50 %

0.10 %

0.40 %

Investment Overview

Prime Central London investment opportunity for a trophy asset. Only a six-minute walk to Green Park tube station. Adjacent to New Bond Street, and a four-minute walk to Berkeley Square. The property totals 30,663 sq ft of mixed-use accommodation comprising of 6,152 sq ft of restaurant space, over ground and lower ground floors, with 5 flats over the 5 upper floors totaling 24,511 sq ft. The restaurant possesses a rare 3 am license. Restaurant let to Isabel Mayfair Ltd on a 20-year term with c. 11.5-years unexpired at a passing rent of £880,000 pa. Lease subject to 5-yearly open market rent reviews, with the next review in July 2026. Reversionary potential with an ERV of £1,000,000 pa. Residential upper floors sold off on a Long Leasehold with c. 989 years unexpired.