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Office and retail investment in Soho

London, United KingdomUnlock address

85%

£12.500.000

Mixed use

#14732

Core+

3 Feb 2024

Property Details

Broker

For sale

9,358 sq.ft.

869 m²

Leasable area

1,335 £/sq.ft.

14,384 £/m²

5.00 %

6

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Rare opportunity to purchase a prime former warehouse building in Soho. The property is arranged over lower ground, ground and five upper floors, totalling 9,358 sq ft (NIA) and 12,343 sq ft (GIA). The property comprises offices from Lower Ground to the Fifth floor with one retail unit at ground floor. Multi let to six tenants at a total passing rent of £665,280 p.a.x (including vendor’s rental top up on 2nd floor) equating to a low £71.09 per sq ft overall. Excellent potential for rental growth with prime Soho and Fitzrovia rents now in excess of £100 per sq ft. The offices have been recently refurbished and on all floors offer perimeter trunking, WCs and comfort cooling. The property offers excellent floor to ceiling height throughout and 8 person passenger lift access on all floors. There is a good-sized roof terrace for the use of the Fifth floor with views to the South and West.