55-56 Poland Street, London W1F 7NN

55-56 Poland Street, London W1F 7NN

Rare opportunity to purchase a prime former warehouse building in Soho.

The property is arranged over lower ground, ground and five upper floors, totalling 9,358 sq ft (NIA) and 12,343 sq ft (GIA).

The property comprises offices from Lower Ground to the Fifth floor with one retail unit at ground floor.

Freehold.

Multi let to six tenants at a total passing rent of £665,280 p.a.x (including vendor’s rental top up on 2nd floor) equating to a low £71.09 per sq ft overall.

Excellent potential for rental growth with prime Soho and Fitzrovia rents now in excess of £100 per sq ft.

Planning consent granted in May 2019 to extend at the rear on ground level and at the fifth floor creating 1,508 sq ft (140 sq m) of extra B1 office accommodation.

We are instructed to invite offers in excess of £12,500,000, subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 5% after purchaser’s costs of 6.72% and a capital value of £1,336 per sq ft on the NIA and £1,013 per sq ft on the GIA.

Location: Soho
Type:
Office
Retail
Value: £12,500,000
Link(s):

Similar Instructions

44 Kipling Street, London Bridge SE1 3RU

London SE1 3RU

Size: 3,202 sq ft
Value: £2,150,000

Claygate Distribution Ltd, Marden TN12 9QT

Tonbridge

Size: 148,811 sq ft
Value: £17,075,000

Prospect House, High Wycombe HP13 6LA

High Wycombe HP13 6LA

Size: 18,937 sq ft
Value: £2,400,000

Our News

View all
Claygate

Claygate Distribution Centre, Marden

Claygate Distribution has completed a sale and leaseback of its distribution centre in Marden in...

ABTA, Newman Street – Sale

Cyril Leonard was pleased to advise ABTA, the association of travel agents and tour operators,...