All 4 photo

Contact a manager at Tranio.com, and we will find you a suitable Office building or property from among our 90,000 offers across 51 countries around the globe

The historic office building in London

7,000,000 £
Send a request
Total area: 380 m² Yield: 2.0% Built in 1770
Send a request
Features
  • Operating Incomе: 193,200 €
  • 5-floor building
  • Occupancy: 100%

It is an office building in Marylebone, one of London's most prestigious districts.

Description

The five-storey building with basement total area of 380 m² was built in 1770 and used as the residence of a member of parliament.

The property was used as a dental clinic until 1950s, then is has been subsequently leased to the architect company, which is still rents its premises.

Despite the fact that the building has retained its original features, inside a series of upgrades:

The building provides a mixture of ofices and open plan accommodation including the following amenities:

  • original period features;
  • fan-coil air-conditioning in part;
  • electric storage heaters;
  • perimeter cabling;
  • kitchen & WCs;
  • storage vaults.

Tenure: Freehold.

A reconstruction project has been developed in 2015. Full planning consent was granted for change of use to a single family dwelling with associated external alterations

Financial performance

Absolute income is 138,000 £.

The current yield of 2%.

Tenants

Tenant is an architect company.

The lease agreement is signed until March 2016 with the possibility of another extension in January 2016.

All repair and insurance costs are borne by the tenant.

The cost of ownership

The building is located in the heart of Marylebone.

There are many restaurants, bars, shops and offices of large companies in the immediate vicinity of the area.

Bus stops and the metro station are also located in close proximity to the property.

More properties

If this property wasn’t for you, take a look at other office buildings for sale in the United Kingdom.

You can see more office buildings for sale in Westminster elsewhere on our website.

Similar listings

We select ads that may interest you.

Submit a request for a purpose proposal
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    Send one more request
    • Bank financing from 2% annually
    • Construction site audits
    • Management company services