A building for renovation.
Description
5-storey building with street retail.
The property includes:
- basement (305 m²)
- street retail (278 m²)
- offices (330 m²)
- backyard
The building has 2 entrances (in the retail store and in the basement and offices).
Asset management options:
- increase in retail space due to the basement
- expansion of office space due to the additional space in the back part of the building and on the upper floors
- substantial redevelopment of the building
An indicative plan of redevelopment to 5,182 m² is available on request.
Benefits
- location near the center of London
- asset management capability (including potential change in use and significant redevelopment)
- opening of the Crossrail station (Elizabeth Line) near the property in fall 2019 (the projected passenger traffic — more than 150,000 people daily)
The cost of the property is 9,000,000 £.
The lease agreement is valid until April 2019.
The property is located near the center of London, in the Holborn area, which is considered to be a part of West End.
The district is known as the London jewelery trading center and attracts a high proportion of shoppers.
The sights of the area include the British Museum, the University of London, the largest station complexes Kings Cross and St. Pancras, the skyscrapers Eusten Tower and BT Tower (London’s tallest building), Lincolns Inn Fields Square (the largest square in London and the prototype of Manhattan Central Park), Regents Park.
There are shops, supermarkets, cafes and restaurants, a post office, a gym in a walking distance.
Metro station is about 200 meters away.
