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£13,900,000 Sold

United Kingdom, Greater London, Mayfair

Prime Mayfair Freehold Office Building, London, W1

0

Bedrooms

0

Bathrooms

548.51m2

Floor Space

No

Furnished

Commercial

Property

Built

sale type

None

pool

None

garden

property details

Ref UKLONO132

Parking Street Parking

Distance to Sea 2 Hours drive

Distance to Airport30 minute drive (LHR - London Heathrow)

Enquire About This Property
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about the property

Investment Summary:

  • Rare prime Mayfair Freehold opportunity.
  • Dover Street is one of Mayfair’s most vibrant streets boasting world class retail, top quality restaurants, 5-star hotels, Grade A offices and luxury residential.
  • Attractive recently modernised and upgraded Grade II listed period office building.
  • 5,904 sq ft (548.51 sqm) NIA arranged over lower ground, ground and five upper floors.
  • Multi-let producing a total rental income of £412,050 per annum.
  • Low average passing rent of £69.79 per sq ft.
  • Recent letting in the building at £120 per sq ft.
  • Opportunity to increase rent roll through well timed lease events.
  • Potential to part owner occupy with medium term opportunity to occupy the whole as an HQ office building.
  • Offers in excess of £13,900,000.
  • NIY – 2.78% (assuming purchaser’s costs of 6.8%).
  • Reversionary Yield – 3.30%.
  • Capital Value - £2,354 psf.

Contact us now to arrange a viewing of this property by calling us on +44 (0)20 8339 6036 or by submitting your contact details and a member of the team will contact you shortly.

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