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Vacant best-in-class office building in the heart of Marylebone

England, United KingdomUnlock address

87%

£6.500.000

Office

#16645

Core+

2 Feb 2024

Property Details

Broker

For sale

10,329 sq.ft.

960 m²

GIA

629 £/sq.ft.

6,770 £/m²

0.00 %

0

Leasehold

61

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

A rare opportunity to own a piece of history located in the heart of Marylebone. Exceptionally well located for transport links, within a short walk from Oxford Circus, Bond Street and Great Portland Street stations. Situated on the Eastern side of Portland Place, one of London’s most prestigious addresses. Just a 2-minute walk from Regent’s Park, regarded as London’s most elegant and largest open space. Attractive Grade II* Listed Georgian building with grand rooms and retained period features. Providing 6,509 sq ft NIA (10,329 sq ft GIA) of offices arranged over lower ground, ground and four upper floors. One of the only office buildings in Marylebone to benefit from a large garden and terracing on two floors. Offered with full vacant possession, ideal for owner occupation. Separate dedicated entrance to the lower ground. Potential to add value through change-of-use, subject to the necessary consents. Steeped in rich history - most notably it was the venue of Winston Churchill’s wedding reception. Leasehold expiring in 2084 (61.5 years unexpired) at a current rent of £16,100 per annum.