An impressive corner sited period building forming part of a terrace of similar properties, arranged over basement, ground and four upper floors.
The ground and basement floors are used for restaurant and hot food take away. The self-contained upper floors accessed from Charlotte Place and comprise offices at first and second floor and a maisonette over the third and fourth floors that has now been sold off.
Location
Goodge Street is located to the north of Oxford Street and west of Tottenham Court Road in the West End. Located in Fitzrovia an increasingly popular Central London location which has attracted a combination of major occupiers from the media, broadcasting and creative sector together with boutique restaurants.
The property is situated on the corner of Charlotte Place and Goodge Street in close proximity to the redevelopment of the former Middlesex Hospital. Developed by Exemplar, in partnership with Aviva and Kaupthing. Fitzroy Place providing 235 private apartments, 20,000 sq ft of retail/restaurant space, 220,000 sq ft of commercial space. It includes the head office for Estee Lauder in addition to health and educational facilities and public open space.
The property itself benefits from excellent communication links with Goodge Street (Northern Line) Tottenham Court Road (Central and Northern Lines), Warren Street (Northern and Victoria Lines), all within easy walking distance. In addition, the property is well served by several bus services providing direct access to Kings Cross/ St Pancras International, Victoria and Charing Cross, Putney and Hammersmith.
Accommodation
Total - 1,305 sq ft (121 sq m)
Terms
TENURE - Freehold.
EPC - Available on request.
PROPOSAL - We have been instructed by the vendor to seek offers in excess of £1,500,000 subject to contract, for the freehold interest reflecting a net initial yield of 5.04% after allowing for purchasers costs of 6.34%.
LEGAL COSTS - Each party to be responsible for their own legal costs incurred in this transaction.
Tenancy - See attached brochure for information
Specification
- Mixed use building located in the heart of Fitzrovia
- Unique opportunity to acquire an impressive corner sited building
- Freehold
- Value add opportunity to convert the first and second floor offices to residential use, subject to planning
- 1,305 sq. ft. GIA ( 121.23 sq.m.)
- Current Rent of £80,250 per annum
- Offers in excess of £1,500,000