Springer Nicolas
60-62 Great Titchfield Street, Fitzrovia, London W1W 7QQ
Prime Fitzrovia Retail, Office And Residential Investment- Prime Fitzrovia location on the east side of Great Titchfield Street, just north of its junction with Mortimer Street, surrounded by numerous, shops, restaurants and coffee shops.
- Located within a short walk of Oxford Circus and Tottenham Court Road Stations.
- Attractive period building comprising two retail units over basement and ground floors with office accommodation over the first and second floors and a two bedroom apartment on the third floor, providing a total floor area of 4,423 sq ft (411.0 sq m).
- Multi-let on five leases and an assured shorthold tenancy.
- Current rent of £234,842 per annum.
- Estimated rental value of £279,700 per annum.
- Freehold.
- The vendor is seeking offers in excess of £4,700,000 (Four Million, Seven Hundred Thousand Pounds) subject to contract, for the benefit of their freehold interest. A purchase at this level reflects a net initial yield of 4.95% and a reversionary yield of 6.08% on the commercial element and a capital value of £1,450 per sq ft on the residential accommodation, after allowing for purchasers costs of 6.8%.
