South Audley Street

77, South Audley Street, Mayfair

 

• Summary 

• This is freehold 33,500 sq ft – mixed residential / office – in very good condition and comes with planning permission.
  Yield expectations would be in the region of 8% plus, because of mixed use and prime office location.
  Asking Price £25M Freehold investment / development opportunity with the benefit of full planning consent

£15-£16m is the Magic Figure..

• Description 

• The existing property is a 1970’s office building behind a partly retained facade. It is arranged as office accommodation over lower ground, ground and five upper floors.

• Access is predominantly from South Audley Street, although rear access is also available via Deanery Mews.                  

• The property currently provides 24,076 sq ft of office space, together with 7 car parking spaces.

• Location

• The property is located within Mayfair on the corner of South Audley Street and Deanery Street, at the end of Hill Street , and in close proximity to Berkeley Square,

• Curzon Street and Park Lane.

• Hyde Park is also a short distance away, as is the Dorchester, The Hilton, Hyde Park Corner and Grosvenor Square. 

• Tenure

• The property is held freehold, other than a small element of the site which is owned by Westminster City Council.

• This element, which forms part of the scheme, was transferred to the Council in 1973 as part of the works at this time, and incorporates the junction box for the neighbouring traffic lights.

• A stopping up order has been made in relation to this interest.                             

• Location

• Core Mayfair location, close to Berkeley Square, Park Lane, The Dorchester, Hyde Park and Hyde Park Corner

• 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.

   

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