NOT ELECTED FOR VAT - Marylebone Office Building For Sale
Description:An attractive self-contained period (not listed) office building arranged over lower ground to fourth floors. The entrance/reception area to the building has been recently refurbished to a high standard. The space is configured as two rooms per floor, some of which interlink. There are alternating wc’s and tea-points on the half-landings with a kitchen/breakout area in part of the lower ground floor, which also leads to a small outside area (potential to install lift if required). The building has a number of period features and all the floors have generous floor to ceiling heights. Natural light the upper floors is excellent and there is very good natural light to the lower ground floor as well.
Terms: Our clients virtual freehold is for sale comprising a long leasehold interest for a term of 999 years from 4th March 1914 having some 890 years unexpired at a fixed rent of £32 pa. The property is fully vacant apart for the second floor which is let on an underlease to 30th November 2024 to Omega Direct Ltd at £18,600 pax. This underlease is contracted outside the security of tenure and compensation provisions of the Landlord and Tennat Act 1954 (as amended).
Location: The property is situated on the east side of John Princes Street just to the west of Regent Street in the heart of the West End. Oxford Circus (Central, Victoria and Bakerloo Underground Lines) is close-by and Bond Street (Elizabeth and Central Line) is within easy walking distance. There are multiple shopping and restaurant amenities in the area as well as car parking in Cavendish Square which lies just to the north- west.
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