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.