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72 Old Compton Street, London W1 – Mixed-Use Soho Freehold Investment

72 Old Compton Street, London, W1

Offers in excess of £4,400,000

Sub Type:
Mixed-use
Tenure:
Freehold
Net Initial Yield:
4.00%
Site Area:
2,285 sq.ft [212 sq.m]

Income

£188,480 per annum

Description

  • Freehold
  • Prominent building fronting Old Compton Street, in the heart of Soho just south of Soho Square.
  • Soho is one of London’s most cosmopolitan districts famed for its vibrancy, eclectic history and unrivalled amenity provisions being the centre of London’s entertainment district.
  • Excellent transport links close to Piccadilly Circus, Leicester Square, Tottenham Court Road and Covent Garden London Underground and Crossrail stations.
  • The property is a six-storey commercial and residential building totalling 2,285 sq ft (212.3 sq m) GIA & NSA.
  • The commercial accommodation is arranged as a restaurant over basement and ground floors, currently t/a Mr Ji, which is let until 2034 and benefits from positioning on one of Soho’s busiest streets.
  • The first to fourth floors are arranged as four one- bedroom flats, which benefit from a self-contained The flats are let on individual ASTs with annual RPI linked rent reviews.
  • Total passing rent of £188,480 per annum.