CENTRAL LONDON FREEHOLD OFFICE SPACE WITH DEVELOPMENT POTENTIAL
Summary
- A rare opportunity to acquire a prominent corner freehold commercial building extending to approximately 8,500 sq ft (NIA) arranged over lower ground, ground and four upper floors.
- The property currently generates short-term rental income from two tenants.
- Attractive to investors, developers and owner-occupiers, with potential to reposition the asset depending on end-use strategy.
- Prior approval granted for conversion to 15 residential units extending to 8,077 sqft (NSA). Permitted development application has been submitted to subdivide one unit to create a total of 16 apartments.
- The property has consent for enlarged windows allowing for an abundance of natural light and the creation of lightwells into the basement
- Located in the heart of Fitzrovia, W1 location, with excellent connectivity and strong local amenity provision.
- Suitable as a Medical Building under Class E.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Basement - Vacant | 1,384 | 128.58 | Available |
| Ground - Vacant | 779 | 72.37 | Available |
| 1st - Vacant | 1,700 | 157.94 | Available |
| 2nd - Producers Alliance for Cinema & Television | 1,498 | 139.17 | Available |
| 3rd - Vacant | 1,629 | 151.34 | Available |
| 4th - Arthur G Mead Limited | 1,510 | 140.28 | Available |
| Total | 8,500 | 789.68 |
Location
Fitzrovia House is located on Cleveland Street in the heart of Fitzrovia, one of Central London’s most desirable mixed-use districts, positioned between Soho, Bloomsbury and Marylebone.
The area is a well-established commercial and residential hub, home to a diverse mix of creative, media, technology and professional occupiers, supported by an excellent range of cafés, restaurants, hotels and retail amenities. Recent regeneration and landmark developments, including the proposed conversion of the BT Tower into a luxury hotel, have further enhanced Fitzrovia’s profile.
The property benefits from strong transport links, with Warren Street, Goodge Street and Great Portland Street underground stations all within walking distance, as well as Tottenham Court Road and the Elizabeth Line nearby.
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Mainline Stations
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Euston10 mins
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Marylebone17 mins
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St Pancras18 mins
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King's Cross19 mins
Underground Station
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Great Portland Street2 mins
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Regents Park3 mins
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Warren Street4 mins
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Goodge Street7 mins
Further Information
Price £8,950,000
Description
Fitzrovia House comprises a six-storey corner building at the junction of Cleveland Street and Greenwell Street. The property provides flexible Class-E accommodation over lower ground to fourth floors, served by a 7-person passenger lift. The property also has air conditioning throughout (not tested).
Flexible floorplates, with natural light from three sides. The property is currently occupied by two short-term office tenants and the asset presents significant repositioning potential, with permitted development consented for conversion to 15 units. An application has been submitted to sub-divide one of the units to create a total of 16 apartments.
Fitzrovia house has prior consent for conversion to Residential use. The building could also suite alternative uses, such as a medical facility.
The property has potential for an additional storey, where there is potential to create 2 penthouses, subject to planning.
The property benefits from planning for enlarged windows (Decision No. 2504848), and the creation of a lightwell (Decision No. 24/08909).
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