A RARE FREEHOLD VACANT POSSESSION OPPORTUNITY
Summary
- Grade I listed property fronting Fitzroy Square with period features.
- The property has the benefit of full vacant possession.
- The current use of the building is offices within Class E.
- Freehold
Location
36-38 Fitzroy Square is situated on the south side of Fitzroy Square, a square pedestrianised on three sides centered around a private garden for residents. The majority of buildings are Grade I or II listed, typically offering office, medical, educational or residential space.
The Property is located within the Fitzrovia submarket which was previously best known as the home of the fashion industry, however now attracts a diverse range of occupiers including Facebook, Netflix, Estée Lauder and Boston Consulting Group.
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Mainline Stations
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Euston9 mins
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St Pancras17 mins
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King's Cross18 mins
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Marylebone19 mins
Underground Station
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Warren Street3 mins
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Great Portland Street4 mins
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Goodge Street5 mins
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Regents Park5 mins
Further Information
Price Offers in excess of €27,500,000
Rates Payable Upon Enquiry
Description
36-38 Fitzroy Square is an elegant mid-terrace building on the southern side of Fitzroy Square with three separate entrances to the square.
Executive Summary
• Highly attractive Grade I listed property fronting Fitzroy Square with period features and exceptional natural light throughout the property.
• Prime location in close proximity to an exceptional amenity offering along Charlotte Street and the wider Fitzrovia location.
• A short walk from Euston station set to benefit from HS2 and Tottenham Court Road Underground station ahead of the opening of Crossrail (The Elizabeth Line) in 2022.
• The building currently comprises 20,951 sq ft NIA of office accommodation arranged over lower ground, ground and three upper floors.
• The current use of the building is offices within Class E. There is also a resolution to grant planning permission for a change of use to F1, subject to the completion of the S106.
• Opportunity to comprehensively reposition the asset with the potential for additional terracing at roof level (subject to necessary consents).
• The property has the benefit of full vacant possession.
• Freehold.
• Offers are invited in excess of £27,500,000 subject to contract and exclusive of VAT for the freehold interest in the property.
Additional information
Fitzroy Square was a speculative development intended to provide London homes for aristocratic families. Built in four stages in the late 1700s, the development was led by celebrated architects Robert and James Adam, using Portland Stone brought in from Dorset.
Parts of the south side of the square were rebuilt with traditional facades following damage during World War II. The square was largely pedestrianised in the 1970s, as part of an environmental improvement scheme designed by Sir Geoffrey Jellicoe.
There is a long list of notable residents who have occupied Fitzroy Square including authors Virginia Woolf and George Bernard Shaw, fashion designer Linda Bennett and more recently Gary Kemp and Guy Ritchie.
The square is now regularly used for TV and Film including the BBC’s adaptation of Jane Austen’s novel Emma, Doctor Who and Netflix’s The Crown.
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