Multifunctional building in the center of Fitzrovia.
The five-storey building with an attic includes 4 apartments, two of which are sold off on a lease (101 years), and the other two are leased and produce income.
The ground floor and lower ground floors are occupied by a restaurant with A3 license and a total area of 139 m².
Type of ownership: Freehold.
The cost of the property is £ 1,950,000/ 2,170,000 €.
The absolute annual income is £ 79,700/ 88,714 €.
The current yield is 4%.
The lease agreement with the restaurant is valid until 2031.
The property is located in a residential area of Fitzrovia. There are a lot of hotels, galleries and ancient pubs which are located near the theaters of the West End. Along the quiet streets of the district there are various new media, advertising and architectural companies.
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