Springer Nicolas
Elliott House, 28a Devonshire Street, Marylebone, London W1G 6PS
Prime Marylebone Retail And Office Investment- Prime Marylebone location on the south side of Devonshire Street, just east of its junction with Marylebone High Street, surrounded by numerous shops, restaurants, offices, residential and the world-famous Harley Street Health District.
- Excellent transport connections with 8 London Underground stations within a mile and 10 minutes walk from Bond Street Elizabeth line station.
- Attractive period building comprising two retail units over basement and ground floors with three floors of recently refurbished office accommodation above, providing a total net internal floor area of 3,803 sq ft (353.3 sq m).
- Prime Marylebone location on the south side of Devonshire Street, just east of its junction with Marylebone High Street, surrounded by numerous shops, restaurants, offices, residential and the world-famous Harley Street Health District.
- Excellent transport connections with 8 London Underground stations within a mile and 10 minutes walk from Bond Street Elizabeth line station.
- Attractive period building comprising two retail units over basement and ground floors with three floors of recently refurbished office accommodation above, providing a total net internal floor area of 3,803 sq ft (353.3 sq m).
- Multi-let to Estee Lauder Cosmetics Limited (t/a Le Labo), Jaggedart Limited, The Ardour Wellness Limited, 235 Music Publishing Limited and the vendor will provide a rental guarantee on the vacant 3rd floor.
- Current topped up rent of £276,480 per annum.
- We believe the retail units are let off low base rents and are reversionary when compared to retail rents being achieved on Marylebone High Street at £500 Zone A.
- Virtual Freehold.
- The vendor is seeking offers in excess of £5,450,000 (Five Million, Four Hundred and Fifty Thousand Pounds) subject to contract, for the benefit of their virtual freehold interest. A purchase at this level would reflect a net initial yield of 4.75%, after allowing for purchasers costs of 6.8% and a capital value of £1,433 per sq ft.
