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%