PROMINENT MIXED-USE VIRTUAL FREEHOLD INVESTMENT / ASSET MANAGEMENT OPPORTUNITY
Summary
- Prominent corner multi-let period building situated in the heart of Fitzrovia.
- Arranged over ground and five upper floors, together with a self-contained ground floor unit fronting 7/8 Little Portland Street.
- Multi-let to seven tenants across a range of office and retail and creative occupiers, with vacant possession of the First Floor.
- Total Net Internal Area of 649 sq m / 6,983 sq ft.
- Reversionary income profile with several leases approaching review or expiry.
- The property is held on a long Leasehold basis for a term of 999 years from 11th October 1912 subject to a peppercorn ground rent, under Title Number 167079.
- Offers are invited in excess of £7,000,000 (Seven Million Pounds) for the benefit of the Virtual Freehold interest (stc).
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Basement | 954 | 88.63 | Available |
| Ground | 795 | 73.86 | Available |
| 1st - Vacant | 1,194 | 110.93 | Available |
| 2nd - Lux Artists Ltd | 1,197 | 111.20 | Available |
| 3rd - Paul Costelloe & Sons Ltd | 1,202 | 111.67 | Available |
| 4th - Foot Factor Ltd | 898 | 83.43 | Available |
| 5th - Mizuskin Ltd | 485 | 45.06 | Available |
| Ground - Naira Mail Ltd | 258 | 23.97 | Available |
| Total | 6,983 | 648.75 |
Location
40 Great Portland Street occupies a prominent position on one of Fitzrovia's principal thoroughfares, connecting Regent's Park with Oxford Street and forming a key commercial spine within the West End.
Fitzrovia combines elegant period architecture with a vibrant business community, and an excellent selection of cafés, restaurants and lifestyle amenities. The property is also within easy reach of Marylebone, Soho, Mayfair, Covent Garden and Bloomsbury, placing it at the heart of one of London's most desirable mixed-use districts.
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Mainline Stations
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Euston16 mins
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Charing Cross18 mins
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Marylebone19 mins
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St Pancras23 mins
Underground Station
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Oxford Circus3 mins
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Goodge Street7 mins
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Bond Street8 mins
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Tottenham Court Road9 mins
Further Information
Price £7,000,000
Description
The subject property comprises a prominent corner period building arranged over basement, ground and five upper floors, fronting Great Portland Street, together with a self-contained ground floor unit fronting 7/8 Little Portland Street.
The property is multi-let to a range of office, retail and creative occupiers across seven demises, as set out in the Tenancy Schedule.
The First Floor is currently offered with vacant possession.
Gallery
