56 Maple Street

London, W1T 6HN

3,190 sq ft

Prime Mixed-Use Freehold Investment Opportunity For Sale. Fully Income Producing with Reversionary Potential.

Summary

Prime Central London Mixed-Use Investment arranged over five floors (3,190 Sqft)
Total current annual income of £123,240 (rising to £128,240 on the completion of the new commercial lease).
Ground and lower ground floors are let to Efes Kebab House while the three upper flats are let on ASTs.

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m	Availability
Lower Ground	608	56.49	Available
Ground	554	51.47	Available
Mezzanine	99	9.20	Available
Outdoor - Terrace	273	25.36	Available
1st	661	61.41	Available
2nd	507	47.10	Available
3rd	488	45.34	Available
Total	3,190	296.37

56 Maple Street - OLRIB56MapleStreet1.JPG

Location

The property is prominently positioned on the corner of Maple Street and Cleveland Street, in the heart of Fitzrovia—one of London’s most coveted neighbourhoods. This vibrant area is renowned for its eclectic mix of trendy restaurants, independent bars, and luxurious hotels. Notable destinations include Berners Tavern, Charlotte Street Hotel, The Langham, and the Mandrake Hotel.

The Fitzrovia sub-market is currently benefiting from extensive inward investment and a number of exciting schemes, including 101-on-Cleveland and the upcoming redevelopment of the iconic BT Tower.

101-on-Cleveland is a primarily residential complex consisting of 88- apartments, co-working and office spaces as well as F&B and retail units. Entry level residential units in the scheme are achieving £2,000 plus. Ted Baker have also taken 30,000 sqft of space to house the company’s new Global HQ.

The iconic BT Tower was purchased by MCR Hotels in February 2024. The luxury American hotelier have confirmed that they intend to repurpose the tower into a luxury hotel and discussions are ongoing to potentially reinstate the iconic revolving restaurant. It is expected that the reimagined landmark will draw footfall to the already popular district.

Get directions from Google Maps

Mainline Stations

Euston

10 mins
St Pancras

18 mins
King's Cross

19 mins
Marylebone

19 mins

Underground Station

Warren Street

4 mins
Great Portland Street

4 mins
Goodge Street

5 mins
Regents Park

5 mins

Further Information

Price Offers in excess of £2,975,000

Description

This opportunity comprises a well-maintained mixed-use building spanning five floors. The property is fully let, with Effes Restaurant occupying the lower ground and ground floors. The current passing rent is £60,000 per annum, albeit a new 25 year lease has been agreed at £65,000 per annum.

The upper three floors consist of one 2-bedroom and two 1-bedroom apartments, collectively producing an additional £63,240 per annum. All flats are well-maintained, benefiting from natural light from both Cleveland Street and Maple Street. Once the commercial lease is completed, the property will generate £128,240 per annum, which is viewed as revisionary given the low passing rents on the residential element.