For Sale
Mixed-Use Covent Garden Freehold Investment
27 Maiden Lane, Covent Garden, London WC2E 7JS
Offers in excess of £5,950,000
- Property Types:
- Commercial, Mixed, Residential
- Sub Type:
- Mixed-use
- Tenure:
- Freehold
- Net Initial Yield:
- 3.00%
- Site Area:
- 3,455 sq.ft [321 sq.m]
Income
£190,500 per annum
Description
- Prominent five-storey building on Maiden lane, in the heart of Covent Garden, a minute walk from Covent Garden Piazza.
- Exceptional opportunity to acquire a core Covent Garden property that has not been traded for 15 years.
- Commercial and residential building totalling 3,455 sq ft (321.1 sq m) NIA and NSA.
- Fully let to three tenants on five leases at a total passing rent of £190,500 per annum, which reflects £55 per sq ft overall.
- Future development potential to add a fourth floor extension (subject to gaining all necessary consents), with initial studies proposing a two-bedroom flat.