Rare Mayfair Freehold
Summary
- Freehold
- Located in core Mayfair, adjacent to Berkeley Square, opposite Blackstone’s new HQ
- A short walk from Green Park and Bond Street Station
- A striking modern mixed-use property comprising 40,024 sq ft, with well-configured open plan offices comprising 34,997 sq ft and a gym of 5,027 sq ft
- Over 10 years of highly reversionary income secured to two tenants
- Total passing rent of £2,514,032 per annum
- Low office passing rent of £64.41 per sq ft, agreed at the height of Covid, is significantly out of kilter with nearby lettings of over £200 per sq ft
- Opportunity to capture substantial reversion in the immediate term once both rent reviews are settled
Location
Berkeley Street sits at the at the heart of Mayfair, connecting Berkeley Square to Piccadilly and placing 16 Berkeley Street within moments of London’s finest retail, dining, hospitality and culture.
16 Berkeley Street benefits from exceptional transport connectivity, with four Underground stations within a 10-minute walk, providing access to six of London’s most important lines, Victoria, Jubilee, Piccadilly, Bakerloo, Central and Elizabeth.
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Mainline Stations
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Charing Cross15 mins
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Victoria18 mins
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Marylebone25 mins
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Waterloo26 mins
Underground Station
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Green Park3 mins
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Piccadilly Circus8 mins
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Bond Street9 mins
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Oxford Circus9 mins
Further Information
Price Offers in excess of £78,500,000
Rates Payable Upon Enquiry
Description
16 Berkeley Street comprises 40,024 sq ft of office and retail accommodation arranged over basement, ground and seven upper floors.
The property was developed in 2003 to create contemporary commercial accommodation with a façade that remains in keeping with the immediate vicinity.
The offices benefit from a modern reception area, fully accessible raised floors, three passenger lifts serving all floors, shower facilities and dedicated WCs on every floor. Whilst many surrounding assets are constrained within period features, 16 Berkeley Street benefits from exceptionally well configured, column-free, uniform floorplates – a rare characteristic of properties in this prestigious location.
The gym unit is accessed via an independent reception, leading directly to the basement accommodation which hosts the gym floor and changing facilities, accessible via a staircase and passenger lift.
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