Description

A Grade A creative office building extending to approximately 5,609 sq ft NIA / 7,314 sq ft GIA, arranged over four floors. The property is currently vacant, providing an incoming purchaser with full vacant possession and significant flexibility for owner-occupation, investment or redevelopment. The asset is offered at a purchase price of £7,500,000 and presents an opportunity for a buyer seeking a London headquarters or a longer-term capital and redevelopment play.

Location

The property is situated on Shouldham Street in London, W1H, providing a central London location with excellent access to the West End and surrounding commercial districts. The location is well suited to an occupier seeking a prominent London base, while its central positioning may also appeal to investors considering alternative uses or redevelopment opportunities.

Internal Details

The Grade A creative office accommodation is arranged over four floors and provides approximately:

• 5,609 sq ft Net Internal Area
• 7,314 sq ft Gross Internal Area
• Four floors of accommodation
• Vacant possession throughout

The property is currently unoccupied, meaning there is no existing rental income or contracted tenancy in place. An incoming purchaser would therefore have the flexibility to undertake their own fit-out and occupy the building, lease the accommodation to a third party, or investigate alternative redevelopment opportunities.

Investment / Development Potential

The property is particularly suited to a single high-net-worth purchaser with £7.5m+ in liquid capital seeking a central London asset with flexible future potential.

Potential strategies include:

• Owner-occupation as a London headquarters for a family office, energy, trading or other corporate business
• Carrying out a bespoke fit-out and operating the property as a private headquarters
• Leasing the building following refurbishment or fit-out
• Holding the property as a long-term capital investment
• Exploring residential conversion opportunities under applicable permitted development rights

There is currently no rental income and therefore no net yield to calculate. The purchaser would be acquiring the property with vacant possession and should be comfortable with the associated vacant possession, fit-out, leasing and redevelopment considerations.