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Office, Assured Shorthold Tenancies, Ground Rents, Development - Residential for Sale
Lisson Street, Marylebone, London, NW1
SOLDOffice, Assured Shorthold Tenancies, Ground Rents, Development - Residential for Sale
Lisson Street, Marylebone, London, NW1
SOLD
Potential Residential Conversion
Zone 1 Prime Mixed-use Investment.
Opportunity to acquire a Freehold building.
Excellent transport connectivity, within close proximity of Edgware Road Station (Bakerloo, Hammersmith & City, Circle and District Lines) and London Marylebone Station (Chiltern Railway).
Attractive mixed-use building comprising a vacant Class E unit over lower ground, ground and mezzanine, with three self-contained flats above.
Two flats are sold off on long leases (61 years unexpired and 152 years unexpired), one flat let on an AST.
Estimated Rental Value for the office c. £63,500 (£30 per sq ft) and reversionary income on the upper floor flat.
Significant value add opportunities including change of use to residential, subject to necessary consents.
Offers are sought in excess of £1,400,000 (One Million Four Hundred Thousand Pounds), subject to contract. A purchase at this level reflects a blended low Capital Value of £548 per sq ft.
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