Under Offer
London, W1H – Substantial Freehold West End Investment and Development Opportunity
26-28 Harcourt Street, London, W1H 4HR
Offers in excess of £5,500,000
- Property Types:
- Development Opportunity, Residential
- Tenure:
- Freehold
Description
- Substantial Freehold interest on the market for the first time in over 50 years
- Prime location in Marylebone within the heart of London’s West End
- Substantial ongoing investment and regeneration of the immediate surrounding area
- Close proximity to Marylebone, Edgware Road and Paddington Underground Stations
- Three buildings comprising a total of 740.5 sq m (7,971 sq ft) GIA
- Vacant Class E commercial unit comprising 306.20 sq m (3,296 sq ft) GIA
- Six two bedroom residential flats comprising 368.5 sq m (3,966 sq ft) NSA
- Residential passing rent of £157,820 per annum
- Excellent asset management opportunity with potential to refurbish, re-let or re-develop the property (subject to obtaining all necessary consents)
Bid Deadline – Tuesday 21st June at 12 noon
Offers are invited in excess of £5,500,000 subject to contract only. A purchase at this level reflects a very attractive capital value of approximately £690 per square foot on the existing area.
Subject to contract