20-22 Warren Street and 52-56 Fitzroy Street, W1
Investment Summary
Four prominent corner freehold buildings in an exciting and evolving area of Fitzrovia
First time on the market in over 50 years
Located just off the stunning and historic Fitzroy Square
12,093 sq ft of office, retail and residential accommodation
Total income of £476,651 per annum (including top-up) which reflects a low overall rent of £39.42psf
Excellently located with Soho and Marylebone to the south and west, and with the Knowledge Quarter of Kings Cross and the surrounding area to the east
Warren Street has recently been part pedestrianised which has helped establish a wonderful village atmosphere with an abundance of cafes, delis and restaurants
Positive pre-app on the office building for additional massing through reconfiguration and extension
One minute walk away from Warren Street Station
Proposal
Offers are invited in excess of £10,750,000 reflecting a low capital value of £889psf and a net initial yield of 4.15%, assuming purchaser’s costs of 6.8%