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Margaret Street, FITZROVIA

Offers in excess of:£2,750,000

Offers in excess of:£2,750,000
Under Offer

Margaret Street, FITZROVIA

Description

Prime Central London freehold investment/refurbishment/conversion opportunity in Fitzrovia

Executive Summary:

  • Prime Central London freehold investment/refurbishment/conversion opportunity in Fitzrovia
  • Located in the heart of Fitzrovia yet close to Oxford Street and the many restauants in Charlotte Street
  • Currently used as B1 offices with retail/showroom on the ground floor with potential to include other uses unde the new Class E
  • Offers are invited in excess of £2,750,000

Location:
The propoerty is in the heart of Fitzrovia and comes within the City of Westminster .  Margaret Street is surrounded by the West End's adjoining neighbourhoods of Soho, Bloomsbury, Mayfair and Marylebone.  Fitzrovia is known for its rich history and once thriving rag trade.  It now comprises a unique blend of resdential and commecial uses with many media companies and galleries.

The propety is located on the northern side of Margaret Street close to its junction with Wells Street.  Margaret Street is home to All Saints Church - a Grade I listed Anglican Church and is close to Fitzroy Place - the newest square in London for over a century featuring a mix of luxury new homes, offices and retail with Estee Lauder as the anchore retail tenant.

The property comes within the Core Central Acivitie Zone (CAZ) and the East Marylebone Conervation Area.

The property is well served by trnasport links with numerous bus links nearby and Oxford Circus Underground Station within a short walking distance.

Discription:
The property comprises a retail/showroom unit on the ground floor with small suites of self-contained offices on the lower ground and upper floors.  The building forms part of an attractive terrace and is of solid brick construction with the main roof being of mansrd construction.  Internally, floors are boarded, and windows are single glazed and timber framed.

Schedule of Areas:

NIA:
Third Level - 29.7sqm / 320sqft
Second Level - 38.0sqm / 409sqft (approx)
First Level - 38.0sqm / 409sqft
Ground Level - 58.6sqm / 631sqft
Lower Ground - 53.6sqm / 577sqft
Total - 217.9sqm / 2,345sqft (approx)

GIA:
Third Level - 39.8sqm / 428sqft
Second Level - 48.3sqm / 520sqft (approx)
First Level - 48.3sqm / 520sqft
Ground Level - 73.2sqm / 788sqft
Lower Ground - 70.7sqm / 761sqft
Total - 280.3sqm / 3,017sq ft (approx)

Other:
Lower Ground Patio - 9.3sqm / 100sqft
Lower Ground Patio Store - 1.3sqm / 14sqft

Floor Plans:
Available upon request

Tenure:
The property is freehold

Tenancies:
Third Floor - Hoxton Peak Limited
5 years from 24 November 2016 - Inside the Act
Rent - £18,660 pa
Tenant exercised break effective 23 November 2020

Second Floor - Ashley Stewart Limited
3 years from 25 November 2019 - Inside the Act
Stepped Rent, Yr 1 - £18,000 pa / Yr 2 - £19,000 pa / Yr 3 - £20,000 pa
Tenant served Notice to Break effective 20 December 2020

First Floor - The Cartoon Art Trust Limited
5 years from 12 November 2019 - Contracted Out
Rent - £15,000 pa

Ground Floor - Silvia Joy Young
5 years from 26 April 2016 - Inside the Act
Rent - £27,270 pa

Basement - J Brand Limited
10 years from 20 October 2015 - Contracted Out
Rent - £15,750 pa
Tenant served Notice to Break effect on 20 October 2020

EPCs:
Basement - D (98)
Ground - E (118)
First - E (102)
Second - E (111)
Third - E (102)

VAT:
The building has not been elected for VAT
 

Map Street View

Prime Central London freehold investment/refurbishment/conversion opportunity in Fitzrovia

Executive Summary:

  • Prime Central London freehold investment/refurbishment/conversion opportunity in Fitzrovia
  • Located in the heart of Fitzrovia yet close to Oxford Street and the many restauants in Charlotte Street
  • Currently used as B1 offices with retail/showroom on the ground floor with potential to include other uses unde the new Class E
  • Offers are invited in excess of £2,750,000

Location:
The propoerty is in the heart of Fitzrovia and comes within the City of Westminster .  Margaret Street is surrounded by the West End's adjoining neighbourhoods of Soho, Bloomsbury, Mayfair and Marylebone.  Fitzrovia is known for its rich history and once thriving rag trade.  It now comprises a unique blend of resdential and commecial uses with many media companies and galleries.

The propety is located on the northern side of Margaret Street close to its junction with Wells Street.  Margaret Street is home to All Saints Church - a Grade I listed Anglican Church and is close to Fitzroy Place - the newest square in London for over a century featuring a mix of luxury new homes, offices and retail with Estee Lauder as the anchore retail tenant.

The property comes within the Core Central Acivitie Zone (CAZ) and the East Marylebone Conervation Area.

The property is well served by trnasport links with numerous bus links nearby and Oxford Circus Underground Station within a short walking distance.

Discription:
The property comprises a retail/showroom unit on the ground floor with small suites of self-contained offices on the lower ground and upper floors.  The building forms part of an attractive terrace and is of solid brick construction with the main roof being of mansrd construction.  Internally, floors are boarded, and windows are single glazed and timber framed.

Schedule of Areas:

NIA:
Third Level - 29.7sqm / 320sqft
Second Level - 38.0sqm / 409sqft (approx)
First Level - 38.0sqm / 409sqft
Ground Level - 58.6sqm / 631sqft
Lower Ground - 53.6sqm / 577sqft
Total - 217.9sqm / 2,345sqft (approx)

GIA:
Third Level - 39.8sqm / 428sqft
Second Level - 48.3sqm / 520sqft (approx)
First Level - 48.3sqm / 520sqft
Ground Level - 73.2sqm / 788sqft
Lower Ground - 70.7sqm / 761sqft
Total - 280.3sqm / 3,017sq ft (approx)

Other:
Lower Ground Patio - 9.3sqm / 100sqft
Lower Ground Patio Store - 1.3sqm / 14sqft

Floor Plans:
Available upon request

Tenure:
The property is freehold

Tenancies:
Third Floor - Hoxton Peak Limited
5 years from 24 November 2016 - Inside the Act
Rent - £18,660 pa
Tenant exercised break effective 23 November 2020

Second Floor - Ashley Stewart Limited
3 years from 25 November 2019 - Inside the Act
Stepped Rent, Yr 1 - £18,000 pa / Yr 2 - £19,000 pa / Yr 3 - £20,000 pa
Tenant served Notice to Break effective 20 December 2020

First Floor - The Cartoon Art Trust Limited
5 years from 12 November 2019 - Contracted Out
Rent - £15,000 pa

Ground Floor - Silvia Joy Young
5 years from 26 April 2016 - Inside the Act
Rent - £27,270 pa

Basement - J Brand Limited
10 years from 20 October 2015 - Contracted Out
Rent - £15,750 pa
Tenant served Notice to Break effect on 20 October 2020

EPCs:
Basement - D (98)
Ground - E (118)
First - E (102)
Second - E (111)
Third - E (102)

VAT:
The building has not been elected for VAT
 

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