51 Tottenham Court Rd 2,529 SF 100% Leased 4-Star Retail Building London W1T 2EQ $12,030,392 CAD ($4,756.98 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime mixed-use Freehold situated on Tottenham Court Road within Fitzrovia.
- The building is well located on the western side of Tottenham Court Road, between the junctions of Goodge Street and Windmill Street.
- The property offers various asset management opportunities, such as residential conversion, refurbishment and re-configuration.
- The current passing rent (£266,500, subject to the new lease on no.51 being signed) is considered highly reversionary.
- 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 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.
- Planning permission granted for the re-configuration of the ground floor and to convert the vacant offices to residential.
EXECUTIVE SUMMARY
The property is situated on the western side of Tottenham Court Road between the junctions of Goodge Street and Windmill Street. The property comprises two adjoining freehold buildings, providing mixed-use accommodation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,529 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1880
Price
$12,030,392 CAD
Price Per SF
$4,756.98 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Slab To Slab
9’
Building FAR
0.89
Lot Size
0.06 AC
Frontage
45’ on Tottenham Court Road
AMENITIES
- Bus Line
- Metro/Subway
- Security System
- Signage
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
