Old Burlington Street Mayfair W1 £9.25m

Seeking offers in excess of £9,250,000 (Nine Million Two Hundred and Fifty Thousand Pounds) 

For the freehold interest, subject to contract and exclusive of VAT.

Prime Mayfair freehold opportunity. 

The main investment considerations are as follows:

·         Rare opportunity to acquire a Freehold building in the heart of London’s West End

·         Attractive Grade II listed building extending to 6,550 sq ft (608.6 sq m) net internal area and 9,155 sq ft (850.5 sq m) gross internal area

·         Of interest to investors, residential developers and owner occupiers

·         Prestigious Mayfair address

·         Comprehensively refurbished in 2009 to provide high quality Grade A office accommodation with an ancillary lower ground floor residential flat

·         Low passing rent of £392,380 per annum which reflects £61.26 per sq ft, offering excellent rental growth prospects

·         Full vacant possession achievable in September 2013

A purchase at this level would reflect a net initial yield of 4.17% and a capital value of £1,412 per sq ft on the NIA and £1,010 per sq ft on the GIA. The net initial yield accounts for purchaser’s costs of 1.8%, assuming a purchase of the company in which the asset is held.

Please note I am not retained.

We are not retained and would require a fee to be agreed further information is available

on receipt of a Letter of Interest and a signed Fee agreement.