UNBROKEN FREEHOLD FOR SALE. PRIME MIXED-USE OPPORTUNITY.
Summary
- Prime mixed-use Freehold situated on Tottenham Court Road within Fitzrovia.
- Excellent communication links, with Goodge Street (Northern Line) and Tottenham Court Road (Central, Northern and Elizabeth Line) both within a few minutes walking distance.
- The building is well located on the western side of Tottenham Court Road, between the junctions of Goodge Street and Windmill Street.
- The property is mixed-use, comprising retail, offices and residential. Once the proposed conversion works at 52 TCR are completed, the assets will comprise two Class E Retail premises and 7 apartments.
- The property offers various asset management opportunities, such as residential conversion, refurbishment and re-configuration.
- Planning permission granted for the re-configuration of the ground floor and to convert the vacant offices to residential.
- The current passing rent (£266,500, subject to the new lease on no.51 being signed) is considered highly reversionary.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Basement - 51 Tottenham Court Road | 317 | 29.45 | Available |
| Ground - 51 Tottenham Court Road | 906 | 84.17 | Available |
| 1st - 51 Tottenham Court Road | 635 | 58.99 | Available |
| 1st - 1st & 2nd Floor- 51 Tottenham Court Road | 844 | 78.41 | Available |
| 2nd - 51 Tottenham Court Road | 646 | 60.02 | Available |
| 3rd - 51 Tottenham Court Road | 635 | 58.99 | Available |
| Basement - 52 Tottenham Court Road | 340 | 31.59 | Available |
| Ground - 52 Tottenham Court Road | 966 | 89.74 | Available |
| 1st - 52 Tottenham Court Road | 721 | 66.98 | Available |
| 2nd - 52 Tottenham Court Road | 398 | 36.98 | Available |
| 3rd - 52 Tottenham Court Road | 420 | 39.02 | Available |
| Total | 6,828 | 634.34 |
Location
Tottenham Court Road sits in the heart of London’s West End most vibrant leisure and entertainment district; strategically positioned next to the submarkets of Soho, Covent Garden, Bloomsbury and falls within Fitzrovia – a popular central London location. It has attracted a range of major occupiers from the media, broadcasting, and creative sector, together with boutiques and renowned restaurants.
Tottenham Court Road has recently undergone a significant re-development to modernise the underground station and revitalise the streetscape; creating what is now a pedestrian-friendly environment with significantly increased footfall in the surrounding area.
Fitzrovia is a well-established location for craftsmen, artists, and creatives. Its rich history continues to define this area of London, making it one of the most lively and unique destinations.
The property is situated on the western side of Tottenham Court Road between the junctions of Goodge Street and Windmill Street.
The property itself benefits from excellent communication links, with Goodge Street (Northern Line), Tottenham Court Road (Central, Northern and Elizabeth Lines), and Oxford Circus (Central, Bakerloo and Victoria Lines) all within a few minutes walking distance to the property, providing wider access to the London transport network - a major factor in attracting businesses and retailers to the area. National occupiers include Metro Bank, Itsu, O2, M&S and NatWest Bank.
Get directions from Google Maps
Mainline Stations
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Euston12 mins
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Charing Cross17 mins
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King's Cross18 mins
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St Pancras18 mins
Underground Station
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Goodge Street2 mins
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Tottenham Court Road5 mins
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Warren Street8 mins
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Oxford Circus8 mins
Further Information
Price Offers in the region of £6,500,000 £6,500,000 (Six Million & Five Hundred Thousand Pounds) for the Freehold Interest equating to an overall capital value of £952 per sq. ft
Rates Payable Upon Enquiry
Description
The property comprises two adjoining freehold buildings, providing mixed-use accommodation.
51 Tottenham Court Road consists of retail premises over the lower ground and ground floor, with 4x 2 bedroom residential apartments above, all in good condition.
52 Tottenham Court Road comprises retail accommodation over the lower ground and ground floors, vacant offices on the 3 upper floors, with consent to convert to 3 residential apartments and a communal terrace.
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