Freehold Residential & Retail site

A prominent and attractive freehold site within short walking distance of both Marylebone and Baker Street stations, in addition to the exquisite Marylebone High Street. The freehold site consists of four main buildings. A total of 11,438 sq ft (GIA) split over basement, ground and three upper floors, including a mews property to the rear (1 Sherlock Mews). The site comprises a mix of retail units on the ground and basement levels, and residential units on the upper floors and mews house. The property’s frontage faces directly south, with the upper residential units benefitting from large traditional sash windows throughout. Total income from the retail units is in excess of £150,000 per annum, with an attractive WAULT of 7.8 years to expiries and 4.1 years to breaks. Of the total seven residential units, three units are available with immediate vacant possession (VP), with VP obtainable on short notice for an additional two units. The site offers excellent development opportunity, including the potential to extend significantly at roof level as per local precedent (subject to planning). A full refurbishment program of the residential units would allow the owner to achieve top Marylebone rental levels.