48-54 Charlotte Street, W1, Soho, W1T 2NS

48-54 Charlotte Street comprises two adjoining and inter-connecting buildings of concrete frame construction originally constructed in the 1970s and comprehensively refurbished in 2006. The two buildings link internally on every floorand provide 24,310 sq ft of office space arranged over lower ground, ground and four upper floors.The property is single-let to Avanta Managed Offices Ltd (2A1 D&B rated)  on full repairing and insuring  terms expiring 31st August 2026, in excess of 10 years unexpired, with five yearly upward only rent reviews. The current passing rent is £1,000,210 per annum reflectingjust £41.14 per sq ft overall and approximately £46.00 per sq ft on the upper levels. There is an opportunity to capture the significant reversion almost immediately at the upcoming rent review on 1st September 2016 on landlordfavourable assumptions. At review, the landlord is able to assume the aggregation of permitted parts which are detailed as separate suites of not less than 2,000 sq ft or single floor lettings.

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