Freehold mixed use investment building in Marylebone
Summary
- Currently producing £55,600 per annum with asset management and redevelopment potential
- Opportunity to change use of commercial and / or reconfigure residential unit (STPP)
- Great location in Marylebone, equidistant to Regents Park and Hyde Park
- Ground & Lower Ground office with self-contained 1 bed maisonette above
- Grade II Listed and within Portman Estate Conservation Area
Accommodation
The accommodation comprises the following areas:
| Description | Building Type | sq ft | sq m | Rent | Availability |
| Ground & Lower Ground Floor | Office | 1,131 | 105.07 | £28,000 /annum | Sold |
| 1st & 2nd Floor Flat | Residential | 895 | 83.15 | £27,600 /annum | Sold |
| Total | 2,026 | 188.22 |
Location
Harcourt Street is a quiet street connecting Old Marylebone Road with Seymour Place and is equidistant to both Regents Park and Hyde Park. Marylebone Station is a 4 minute walk and both Regents Park and Hyde Park are roughly a 10 minute walk.
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Mainline Stations
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Marylebone4 mins
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Paddington11 mins
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Euston28 mins
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South Hampstead32 mins
Underground Station
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Edgware Road (Circle/District/Hammersmith and City)3 mins
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Marylebone4 mins
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Edgware Road (Bakerloo)5 mins
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Baker Street8 mins
Further Information
Price Offers in excess of £1,000,000
Rates Payable £5.50 per sq ft
Service Charge n/a
Estate Charge n/a
EPC Rating This property has been graded as C
Description
29 Harcourt Street is an attractive, mixed use, mid-terraced investment building with potential for redevelopment (STPP & VP). The ground and lower ground floor is let on a commercial lease expiring in June 2026 at £28,000 per annum exclusive. The 1st & 2nd floors are currently arranged as a self-contained 1 bedroom flat let on an AST at £27,600 per annum with a mutual break clause exercisable at any time subject to no less than 2 months Notice.
Planning
We believe the building is not included within Westminster City Council's Article 4 Directive. You must make your own enquiries and take your own advice. The building is within the Portman Estate Conservation Area. The Building is Grade II Listed https://historicengland.org.uk/listing/the-list/list-entry/1229524
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