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Prime single let investment opportunity in the heart of Fitzrovia

London, United KingdomUnlock address

85%

£8.800.000

Office

#34439

Core+

6 Sep 2024

Property Details

Broker

For sale

11,010 sq.ft.

1,023 m²

Leasable area

799 £/sq.ft.

8,602 £/m²

7.00 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.10 %

0.40 %

Investment Overview

Situated in Fitzrovia, a bustling and sought-after district of London. Redesigned in 2019, property is a distinctive warehouse building which occupies a prominent corner location. Ground and lower ground levels feature a self-contained Grade A office space spanning 11,010 sq ft. Leased exclusively to Elliott Wood Partnership Limited, a structural and civil engineering firm, from June 19, 2019, to June 19, 2029. Upper levels comprise 20 private apartments and 2 penthouses sold off to individual buyers, alongside 14 affordable units sold off to Origin Housing Limited. Total annual rent amounts to £662,895, inclusive of £655,095 from commercial leases (including Vendor top ups), reflecting £59.50 per sq ft, and £7,800 from residential ground rents. The office has an EPC rating of ‘B’