Prominent corner freehold commercial building

A rare opportunity to acquire a prominent corner freehold commercial building extending to approximately 8,500 sq ft (NIA) arranged over lower ground, ground and four upper floors. The property currently generates short-term rental income from two tenants. Attractive to investors, developers and owner-occupiers, with potential to reposition the asset depending on end-use strategy. Prior approval granted for conversion to 16 residential units extending to 8,077 sqft (NSA). Permitted development application has been submitted to subdivide one unit to create a total of 16 apartments. The property has consent for enlarged windows allowing for an abundance of natural light and the creation of lightwells into the basement. Located in the heart of Fitzrovia, W1 location, with excellent connectivity and strong local amenity provision. Suitable as a Medical Building under Class E.