Aviva Investors has completed the sale of 94-96 Wigmore Street & 7-9 Duke’s Mews, W1, for £17.4 million to a Private UK Owner-Occupier, in a deal that reflects a capital value of close to £1,500 per sq ft.
Wigmore Street is an 8-storey 11,800 sq ft office building, with a retail unit and residential apartment, situated in the heart of Marylebone Village opposite the James Street entrance to St. Christopher’s Place and 100 metres from Selfridges and Oxford Street.
Planning permission had been granted for a refurbishment of the building that included the redevelopment of Duke’s Mews to create a Grade-A office led scheme with retail and residential accommodation.
The building was sold with full vacant possession.
Marylebone is one of the West End’s most established and vibrant office submarkets, home to Coca Cola and is within a few minutes’ walk of some of London’s most iconic retailing destinations including Marylebone High Street.
Allsop represented the vendor, Aviva Investors.
Notes to editor
Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation. We are also well known as the UK’s largest and most successful auction house. Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.
For details visit www.allsop.co.uk
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