DOCSLIB.ORG

Ncp Portland Place 6-7 Weymouth Mews Marylebone, London W1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Ncp Portland Place 6-7 Weymouth Mews Marylebone, London W1 NCP PORTLAND PLACE 6-7 WEYMOUTH MEWS MARYLEBONE, LONDON W1 PRIME CENTRAL LONDON CAR PARK INVESTMENT OPPORTUNITY INVESTMENT SUMMARY • Prime central London Car Park • A purchase at 6.0% NIY rises comprising a total of 30 spaces to a yield of 10.2% in year 19 • Site extending to approximately assuming 3% per annum RPI 5,482 sq ft (509.3 sq m) GIA • NCP Limited responsible for • Long leasehold with paying the head rent on behalf approximately 35.75 years of the long leaseholder remaining unexpired • Let to NCP Limited for a term PROPOSAL expiring May 2037 We are instructed to invite offers in • 2017/2018 rent totalled £46,692.88 the region of £740,000 subject to • Annual fixed RPI linked increases contract and exclusive of VAT. A sale collared and capped between price at this level reflects a capital 1.5%-5.0% value of £135 per sq ft GIA and a net initial yield of 6.0% (based on purchaser’s costs of 5.4%). La ude rda le R oad R A N D L O A UE N N e S L VE nu P A ve E D A A R H R AN nd K L la C A R H er HE h V R T A t N U d Su E S a O o M O N R T A e g P U od D L S G E N T I E R A R D A R W M O A A I D D Warwick Avenue A O u V te A T r L E C E E i TR rc S N T le O EE H S TR a D S r P AD R e A A N w RO E H O R U C T o K LD N R P FIE VE O M o R M A RA d O W O A F L D A A B I S A v D A t M a R e W n n I S u h C o T P e e p K M n e f A A o t Little S V R ld E r Y Regent’s Park e Venice S L C t e ’S r I e S a S t T e r O d ER t t i ee N n R tr g S A y G t le o C d R oa n E Br O WESTWAY G S V t Marylebone r l E o t e tree u nd S e c mo t e Baker Street rum s Outer Circle D t e r Regent’s Park J Pl Edgware Road U PADDINGTON a Madame Tussauds D ce AD D RO ON Warren UST S E U T R MARYLEBONE ROAD P Street P E D M E E ROA Euston E G T D A P’S BRI UCH R HO R BIS Edgware Road W Y Square L Great Portland O E T B Street B E O W RE U St Mary’s Hospital T t N E S York Street York S R D N S E E T A R B P H O UCL Place Paddington I k G c U S rawford Street Padding sto C t Devonshire Street P i e on v R Str H Ta e O y et N m S R BLOOMSBURY E T o T T R LA E u MARYLEBONE E R r E N R P T A S l D N a C E eymo c W uth Street D R P Harley Street E A e L G B G Russell X A SE A C L US K S E O ce E a E l Square D n P U R to G ring C or S T W M T G E R a SOAS A S L d New Cavendish Street a R G E T E o R le R ER E E I E O t N n Goodge Street A e T v S a W S r T C R George Street t P r T O e P E E L e Birkbeck Russell O R A R A t C Wallace Collection D R S G Square T T E R L A A E R E N D T D E Connaught Street Upper Berkeley Street T T E O N E TR S E S S S T T G O D T R O O E U E G M N T E H o H T A n A Portman Sq WIGMORE STREET rd t M BA M dfo a YSWATER ROAD Be g P N C British u T e e O W O wm Museum e S N BA U YSW l t ATER l r ROAD s R are e R a u Selfridges S T Sq e O t n t r R e W S D Bond Street e John Lewis t t r Marble Arch OXFO Oxford Circus e RD STREET e t t ree sell St eat Rus LOCATION & SITUATION Gr O XFORD STREET The property is situated in Marylebone, within the London Borough of Westminster. N e Marylebone is amongst the most affluent areas of London’s West End, bounded by w New Oxford Street Regent’s Park to the north, Fitzrovia to the east, Mayfair to the south and Paddington to B treet Tottenham o orough S n t Marlb Court Road the west. An increasingly vibrant West End ‘village’, Marylebone is home to exclusive d Grea n S or boutiques, renowned restaurants and fashionable hotels. Notable occupiers in the area t b r l D o e h H e ig include J Crew, Paul Smith, Chiltern Firehouse and The Ivy Café. The area is a globally e H t a R recognised medical district with Harley Street located in the heart of Marylebone. n E S G t r t e The extensive array of high quality amenities compliments the location’s affluent e E tre N e S t residential demographic and diverse office tenant profile. Notable office occupiers t T ui CONNECTIVITY d S in the area include the BBC, Atrium and Publicis. n T o R C E SOHO Weymouth Street Car Park is situated on the west side of Weymouth Mews, which Weymouth Mews has excellent communications with the London Underground network being easily accessible fromE Oxford Circus T intersects Weymouth Street to the north and New Cavendish Street to the south. (Bakerloo, Central and Victoria lines), Bond Street (Central, Jubilee and Piccadilly lines), Regent’s Park (Bakerloo line), Great Portland Street (Circle, Hammersmith & City and Metropolitan lines) and Warren Street (Northern and Victoria lines) stations, which are all within a UE 10 minute walk of the car park. t VE N ree Y A St BUR Covent Crossrail (the Elizabeth line) is set for completion in 2018. Europe’s largest infrastructure project will provide a new high frequency, high er FTES rew HA capacity rail link east to west servicing London and the South East with approximately 200 million passengers a year using the service. B S Garden C Crossrail will be accessible at Bind Street station, within 0.5 miles of Weymouth Mews. h r a i Leicester Square n Weymouth Mews itself is strategically located to provide quick and easy access to London’s West End via Portland Place/Regent Street g S C (A4201) and the City of London via Euston Road (A501), which in turn feed into the wider national motorway. t r Covent Garden M o s a s r R t Market i n o ’ a s d L a n e DESCRIPTION The property is arranged as a car park at basement level only and comprises 30 car parking spaces. Vehicular and pedestrian access to the car park is from the east side of Weymouth Mews via a ramp and a staircase. ACCOMMODATION The property has been measured by in accordance with RICS Property Measurement (1st Edition) and provides approximately 5,482 sq ft (509.3 sq m) Gross Internal Areas (GIA): The site area has been calculated using Promap and totals approximately 0.23 acres (0.09 hectares). TENANCY Single let to National Car Park Limited on a fully repairing and insuring lease for a term of 34 years and 11 months expiring 28 May 2037 (approximately 19 years unexpired). The lease does not contain a break option and is Outside the 1954 Landlord & Tenant Act. The rent payable is currently £46,692.88 per annum. The rent is reviewed annually, with fixed RPI linked increases subject to a collar and cap of 1.5%-5.0%. The tenant has an option to renew the tenancy term equal to the length of the reversionary term (less 10 days) on the same terms at the rent then passing, but excluding a further option to renew. NCP Ltd’s lease cannot be assigned, which means NCP Ltd remains the tenant throughout the term. TENANT COVENANT NCP is the UK’s most recognised and longest standing private car park operator being founded in 1931. NCP operates car parking spaces across the UK at over 500 sites for approximately 150,000 cars, possessing a 30% market share. NCP Limited is jointly owned by Park24 and the Development Bank of Japan (DBJ). The joint venture (JV) purchased NCP Limited in July 2017 in a deal worth in excess of £300,000,000.
Load more

Recommended publications
  • The London Diplomatic List
    UNCLASSIFIED THE LONDON DIPLOMATIC LIST Alphabetical list of the representatives of Foreign States & Commonwealth Countries in London with the names & designations of the persons returned as composing their Diplomatic Staff. Representatives of Foreign States & Commonwealth Countries & their Diplomatic Staff enjoy privileges & immunities under the Diplomatic Privileges Act, 1964. Except where shown, private addresses are not available. m Married * Married but not accompanied by wife or husband AFGHANISTAN Embassy of the Islamic Republic of Afghanistan 31 Princes Gate SW7 1QQ 020 7589 8891 Fax 020 7584 4801 [email protected] www.afghanistanembassy.org.uk Monday-Friday 09.00-16.00 Consular Section 020 7589 8892 Fax 020 7581 3452 [email protected] Monday-Friday 09.00-13.30 HIS EXCELLENCY DR MOHAMMAD DAUD YAAR m Ambassador Extraordinary & Plenipotentiary (since 07 August 2012) Mrs Sadia Yaar Mr Ahmad Zia Siamak m Counsellor Mr M Hanif Ahmadzai m Counsellor Mr Najibullah Mohajer m 1st Secretary Mr M. Daud Wedah m 1st Secretary Mrs Nazifa Haqpal m 2nd Secretary Miss Freshta Omer 2nd Secretary Mr Hanif Aman 3rd Secretary Mrs Wahida Raoufi m 3rd Secretary Mr Yasir Qanooni 3rd Secretary Mr Ahmad Jawaid m Commercial Attaché Mr Nezamuddin Marzee m Acting Military Attaché ALBANIA Embassy of the Republic of Albania 33 St George’s Drive SW1V 4DG 020 7828 8897 Fax 020 7828 8869 [email protected] www.albanianembassy.co.uk HIS EXELLENCY MR MAL BERISHA m Ambassador Extraordinary & Plenipotentiary (since 18 March 2013) Mrs Donika Berisha UNCLASSIFIED S:\Protocol\DMIOU\UNIVERSAL\Administration\Lists of Diplomatic Representation\LDL\RESTORED LDL Master List - Please update this one!.doc UNCLASSIFIED Dr Teuta Starova m Minister-Counsellor Ms Entela Gjika Counsellor Mrs Gentjana Nino m 1st Secretary Dr Xhoana Papakostandini m 3rd Secretary Col.
    [Show full text]
  • Licensing Sub-Committee Report
    Licensing Sub-Committee City of Westminster Report Item No: Date: 9 July 2020 Licensing Ref No: 20/02820/LIPN - New Premises Licence Title of Report: 94 Great Portland Street London W1W 7NU Report of: Director of Public Protection and Licensing Wards involved: West End Policy context: City of Westminster Statement of Licensing Policy Financial summary: None Report Author: Michelle Steward Senior Licensing Officer Contact details Telephone: 0207 641 6500 Email: [email protected] 1. Application 1-A Applicant and premises Application Type: New Premises Licence, Licensing Act 2003 Application received date: 10 March 2020 Applicant: Where The Pancakes Are Ltd Premises: Where The Pancakes Are Premises address: 94 Great Portland Street Ward: West End Ward London W1W 7NU Cumulative None Impact Area: Premises description: This is an application for a new premises licence to operate as a restaurant with an outside seating area and seeks permission for on and off sales for the sale by retail of alcohol. Premises licence history: As this is a new premises licence application, no premises licence history exists for this premises. Applicant submissions: The applicant has provided a brochure and biography of the company and branding which can be seen at Appendix 3 of this Report. 1-B Proposed licensable activities and hours Late Night Refreshment: Indoors, outdoors or both Both Day: Mon Tues Wed Thur Fri Sat Sun Start: 23:00 23:00 23:00 23:00 23:00 23:00 N/A End: 23:30 23:30 23:30 23:30 00:00 00:00 N/A Seasonal variations/ Non- Sunday before a Bank Holiday Monday: 23:00 hours standard timings: to 00:00 hours.
    [Show full text]
  • 90 Harley Street London W1
    90 HARLEY STREET LONDON W1 AN ATTRACTIVE GRADE II LISTED INVESTMENT OPPORTUNITY ON ONE OF LONDON’S MOST FAMOUS WEST END STREETS 2. 3. “An attractive Grade II listed building arranged over lower ground, ground and four upper floors.” 90 HARLEY ST LONDON W1 4. 5. INVESTMENT SUMMARY • Harley Street is one of the West End’s most famous internationally recognised streets. • An attractive Grade II listed building arranged over lower ground, ground and four upper floors. • 999 year long leasehold interest at a fixed rent of £60 from Howard de Walden Estate. • Single let to dentists until 2026. • Rent review every 3 years with the next one being in September 2020. • Low base rent of £72.19 psf with prospects for rental growth. • Offers in excess of£6.32M subject to contract and exclusive of VAT. • Attractive net initial yield of 4%. • Potential to convert the whole to residential subject to the relevant planning consents. • Potential to create value by extending the leasehold interest of one of the flats which has 62 years unexpired. 90 HARLEY ST LONDON W1 6. 7. LOCATION REGENT’S PARK HARLEY REGENT’S PARK Harley Street is one of the West Ends most famous These developments provide a mix of office, retail and STREET LONDON W1 internationally recognised streets. The properties in this area residential accommodation with the local appeal of shops in 90 date back to the 18th Century when the area was developed Oxford Street, Regent Street and all the facilities the West End by Cavendish – Harley Family. Today properties in Harley has to offer.
    [Show full text]
  • 702231 MODERN ARCHITECTURE a Nash and the Regency
    702231 MODERN ARCHITECTURE A Nash and the Regency the Regency 1811-1830 insanity of George III rule of the Prince Regent 1811-20 rule of George IV (former Prince Regent) 1820-1830 the Regency style lack of theoretical structure cavalier attitude to classical authority abstraction of masses and volumes shallow decoration and elegant colours exterior stucco and light ironwork decoration eclectic use of Greek Revival and Gothick elements Georgian house in Harley Street, London: interior view. MUAS10,521 PROTO-REGENCY CHARACTERISTICS abstract shapes shallow plaster decoration light colouration Osterley Park, Middlesex (1577) remodelled by 20 Portman Square, London, the Adam Brothers, 1761-80: the Etruscan Room. by Robert Adam, 1775-7: the music room MUAS 2,550 MUAS 2,238 ‘Etruscan’ decoration by the Adam brothers Syon House, Middlesex, remodelled by Robert Portland Place, London, Adam from 1762: door of the drawing room by the Adam brothers from 1773: detail MUAS 10,579 MUAS 24,511 shallow pilasters the Empire Style in France Bed for Mme M, and Armchair with Swan vases, both from Percier & Fontaine, Receuil de Décorations (1801) Regency drawing room, from Thomas Hope, Household Furniture and Decoration (1807) Regency vernacular with pilastration Sandford Park Hotel, Bath Road, Cheltenham Miles Lewis Regency vernacular with blind arches and Greek fret pilasters Oriel Place, Bath Road, Cheltenham photos Miles Lewis Regency vernacular with balconies No 24, The Front, Brighton; two views in Bayswater Road, London MUAS 8,397, 8,220, 8,222 'Verandah' [balcony], from J B Papworth, Rural Residences, Consisting of a Series of Designs for Cottages, Decorated Cottages, Small Villas, and other Ornamental Buildings ..
    [Show full text]
  • 41 Portland Place
    41 PORTLAND PLACE Centrally located, in the heart of stylish Marylebone, 41 Portland Place is just a 6 minute walk from Regent’s Park & Great Portland Street Tube Stations, or a 8 minute walk from Oxford Circus Tube Station . Our Grade II* listed Georgian Townhouse is in London’s W1 and ideally situated for press events and product launches. The venue offers a range of versatile event spaces to choose from, combining subtle period features with modern, immaculately maintained facilities. HISTORY 41 Portland Place was built in 1773 and occupied as a private residence until 1939. Since 2010, it has been home to the Academy of Medical S c i e n c e s . Profits generated through venue hire of 41 Portland Place are used to fund activities run by the Academy to ensure research improves health . "While the buildings around the venue were bombed during the London Blitz, this one miraculously remained standing" ORIGINAL FEATURES Grand entrance, an elegant hallway with marble tiled flooring, ornate ceilings, antique mirrors, marble Georgian fireplaces, historic oil paintings, oak panelled bookshelves, original floor to ceiling sash windows that adorn the house’s façade and flood it with natural d a y l i g h t . EXCLUSIVITY The exclusivity of the townhouse gives you the ability to display and express your brand or product in a realistic setting and allows your guests to be immersed in the experience. Our venue provides the blank canvas spaces that allow you to get creative and put your stamp on the e v e n t .
    [Show full text]
  • TRADES Dffiectory, 1910. DEN 1525 •
    TRADES DffiECTORY, 1910. DEN 1525 • Hnme Hy. Robt. 2()7 Kengington Hi~h st W •May William, 24 Quex ro1.d, Kilburn NW *Priestley George Wm. 'l8 Gordon square'NC •raylor Kdwin H.v. P,;scJ.l, 28 Store Et WG •Humphreys Jack, 80 Brook street W Meadows Francis JaR. 90 La.dbroke jlrov.: W *Pritc'l.!l.r,l Atbol Cravnant, 53 Upper Brook Taylor William, 217 Tnfnell park roJ.d N Inlkr Goorge Joseph, 14l Ca.mberwell rd SE b:Xfceke Wil \iam, H5 Harley strPct W street W "'Thew Wilton, UO Harley street W •Jamea Herbcrt Henniu~ !\4 Wimpo!e st W •Mellersh Wm. Francis, 2~ Wimpole streetW §';!ainn Waiter, 1! Hertford street, ~fayfair W bThomson David, 147A., Harley street W •!James Wiliiam Wa"wick, L.R.C.P.Lon:l. • Miller B'rederick Ta_vler, 294 Earl's et. rd SW •H.athbun Charles, 10 liarley street W bThom.;on James lf.3'l GPorge st. fianovr.sqlfl 2 Park crescent, Portlan<l plaee W b;\fil:er Joseph, l7 Upper Wirnpole street W Read •.3tanley & "'Arth<tr, 15 W•lbllru sq WC *Thomson George, 38 Harlcy street W Jamieson Ja.mes, 64 C11mden roa.<i NW .Millett Robert 1'ercy, :.!2 O!i.kley square NW §Read IIenry B,lrton, 1 Portland place W bTbomson M:urray, 147 \, H>orley street W .Johns Wm. Richard. 204 Grove road, Bow E Mitche!l & *Lukyn, G3 & 61 New Bro!W. st E G •tiRead Wa.lton Rix, I Porthmcl pla.ce W "Thorne B:dwarr1, 57 New Cavendish street W Johnson Wlllter Edward, 70 Wimpole street W MitchellLouisJ amcs,D.
    [Show full text]
  • Harley Street
    DRAFT CHAPTER 12 Harley Street Harley Street was conceived in the early eighteenth century but most was only laid out and built up in the 1750s–80s. All but a small portion at the north end, on Crown land, belonged to the Cavendish–Harley or Portland Estate, and today remains in the hands of its successor, the Howard de Walden Estate. It extends from Cavendish Square to Marylebone Road, with only four cross-streets, and this great length – combined with the uniformity and relative plainness of the original Georgian terraces – made it among the most monotonous of London streets. This began to change from the 1890s until the First World War, when a growing number of houses were rebuilt under the watchful eye of the estate authorities, bringing a new variety of styles and materials to challenge the dominance of flat brick fronts with sparing Coade-stone ornament. Harley Street’s association with the topmost echelons of medical specialization developed in the second half of the nineteenth century, and though it dimmed a little in the years after the Second World War, in part due to the establishment of the National Health Service, it has since enjoyed a resurgence with the growth of private health-care. Despite the high concentration of medical consulting rooms, the street has by and large preserved its residential appearance, though for the most part residence is now confined to upper-floor flats. Note on street numbering. The present system dates from 1866, when the two blocks of housing between Weymouth Street and Marylebone Road, originally known as Upper Harley Street, were renamed and renumbered along with the rest of the street in a continuous sequence – odd numbers on the west side, evens on the east.
    [Show full text]
  • 'A Total Work of Architectural and Landscape Art' a Vision For
    ‘A Total Work of Architectural CROWN ESTATE PAVING COMMISSION and Landscape Art’ A Vision for Regent’s Park February 2017 Todd Longstaffe-Gowan & David Lambert ‘A Total Work of Architectural CROWN ESTATE PAVING COMMISSION and Landscape Art’ A Vision for Regent’s Park February 2017 Todd Longstaffe-Gowan & David Lambert Contents ‘A Total Work of Architectural and Landscape Art’ A Vision for Regent’s Park Introduction 1 1. Executive Summary: The Vision 3 2. The Making of Regent’s Park 5 3. Nash’s Vision 15 Regent’s Park as a designed landscape The terraces as individual architectural compositions Framed views of the terraces from the parkland Views of the parkland from the terraces The Outer Circle as a promenade Communal gardens and design unity 4. Themes 29 Views and vistas Planting Boundaries Cover Image: Charles Mayhew, Plans of all the Ground, Houses and other Buildings within the Jurisdiction of the Commissioners for Paving the Regent’s Park, Regent’s Street, Whitehall, &c. from an actual survey made in the years 1834 and 1835 Fig.1 Aerial view of Regent’s Park, Portland Place, Regent Street and Waterloo Place (2012) 1 A Vision for Regent’s Park Introduction Fig.2 Plan of Regent’s Park (c.1813) 2 Introduction Regent’s Park is a special place, a planned urban enclave where buildings and landscape were conceived as a single entity, neither one before or without the other. The buildings were designed to benefit from their landscape setting, while the park was designed to benefit from the palace-like buildings around it; ‘A total work of architectural and landscape art,’ as John Summerson called it.1 Responsibility for managing this total work of art is however split.
    [Show full text]
  • 25 Marylebone Road
    25 MARYLEBONE ROAD NW1 PROMINENT CORNER FREEHOLD PROPERTY WITH SIGNIFICANT VALUE ADD POTENTIAL THROUGH REFURBISHMENT, REDEVELOPMENT OR CHANGE OF USE INVESTMENT HIGHLIGHTS Situated in the fashionable and dynamic London sub-market of Marylebone, occupying a prominent corner position; Freehold site situated less than 250 metres away from Baker Street Station, catering to c. 28 million passengers per year; Excellent transport links with Marylebone Railway Station and Baker Street, Regent’s Park and Great Portland Street Underground Stations nearby; Total gross internal area of 49,498 sq ft (4,598.5 sq m); The property benefits from full vacant possession or a short term leaseback to the current owner occupier, The Methodist Church, upon completion of sale, on terms to be agreed; Numerous options to add value through repositioning of the offices or change of use to medical (under Class E) or to educational, hotel or life sciences, subject to the necessary planning approvals; Outstanding retailing and leisure provision, with Marylebone Village, a highly affluent area home to a number of exclusive boutiques, renowned restaurants and fashionable hotels, situated moments away; Less than 5 minutes’ walk to one of London’s most popular open spaces, Regent’s Park; Offers are invited for the freehold interest, subject to contract and exclusive of VAT 25 MARYLEBONE ROAD Fitzrovia BBC Broadcasting Soho Oxford Circus Harley Street Regent’s Park Marylebone Portman Square University of Hyde Park House High Street Westminster LOCATION Located in Marylebone. the property is positioned within one of the most vibrant and desirable districts in the West End of London. The Marylebone submarket attracts demand from a diverse pool of occupiers, and experiences substantial demand from prominent office tenants including PIMCO, Fujitsu and British Land due to its close proximity to Mayfair.
    [Show full text]
  • 29 Harley Street, London, W1g 9Qr and 82 Portland Place
    Item No. 5 CITY OF WESTMINSTER PLANNING Date Classification APPLICATIONS SUB For General Release COMMITTEE 6 February 2018 Report of Ward(s) involved Director of Planning Marylebone High Street Subject of Report Site 1: 82 Portland Place, London, W1B 1NS Site 2: 29 Harley Street, London, W1G 9QR Proposal Site 1: Use of lower ground and ground floor levels for residential purposes (Class C3). Site 2: Use of the lower ground to fourth floor for medical purposes (Class D1). Agent Mrs Andrea Merrington On behalf of Howard de Walden Estate Ltd Registered Number Site 1: 17/09947/FULL Date amended/ 13 November Site 2: 17/09945/FULL completed 2017 Date Application 8 November 2017 Received Historic Building Grade Site 1: Unlisted Site 2: Grade II listed Conservation Area Harley Street (both sites) 1. RECOMMENDATION Site 1: 1. Grant conditional permission subject to no substantive planning issues being raised during the remainder of the notification period and a legal agreement to secure the following: a) The conversion of the approved floorspace so that it is ready for occupation for residential (Class C3) purposes either before or within a reasonable timescale of the commencement of the approved development at 29 Harley Street in accordance with planning permission Ref: 17/09945/FULL. 2. If the S106 legal agreement has not been completed within six weeks of the date of this resolution then: a) The Director of Planning shall consider whether it will be possible or appropriate to issue the permission with additional conditions attached to secure the benefits listed above. If so, the Director of Planning is authorised to determine and issue the decision under Delegated Powers; however, if not; b) The Director of Planning shall consider whether the permission should be refused on the grounds that it has not proved possible to complete an agreement within an appropriate timescale, and that the proposals are unacceptable in the absence of the benefits that would have been Item No.
    [Show full text]
  • Harley Street London W1g 7Jd
    104 HARLEY STREET LONDON W1G 7JD AN ATTRACTIVE GRADE II LISTED INVESTMENT OPPORTUNITY ON ONE OF LONDON’S MOST FAMOUS STREETS 2. 3. “An attractive Grade II listed building arranged over lower ground, ground and four upper floors.” 104 HARLEY ST LONDON W1G 7JD 4. 5. INVESTMENT SUMMARY • Harley Street is one of the West End’s most famous internationally recognised streets. • An attractive Grade II listed building arranged over lower ground, ground and four upper floors. • 999 year long leasehold interest at a peppercorn from Howard de Walden Estate. • Multi let to dental and medical practices and a residential AST. • 3 Bedroom maisonette over 3rd and 4th floors currently let on an AST. • Current income of £438,094 pa. • Low base rent with prospects for rental growth immediately. • Conservative ERV of £90 psf on ground and upper floors, equates to an ERV of the whole building of £529,230 pa • Offers in excess of£13.4M subject to contract and exclusive of VAT • Reversionary yield of 3.7% that can be achieved this year. • Capital value of £1,872 psf on net accommodation and £1,206 psf on gross accommodation. • Vacant possession is possible. 104 HARLEY ST LONDON W1G 7JD 6. 7. REGENT’S PARK REGENT’S PARK DEVONSHIRE ST HARLEY 104 STREET MANCHESTER SQ CAVENDISH SQ LOCATION Harley Street is one of the West Ends most famous as the BBC, Wigmore Street, Margaret Street and Portman internationally recognised streets. The properties in this area Square along with the current developments in Portland date back to the 18th Century when the area was developed Place.
    [Show full text]
  • Portland-Place-Map.Pdf
    How to get to us 23 Portland Place, London, W1B 1PZ M a p d a t a © 2 0 1 6 G o o g le Directions Regent’s Park (Bakerloo line) Eight minute walk By tube Turn left down Marylebone Road and take the Oxford Circus (Bakerloo, Central and Victoria first left at Park Crescent. Then turn right lines) at Portland Place. 23 Portland Place is on Seven minute walk your right-hand side on the junction with New Cavendish Street. Exit onto the north side of Oxford Street and walk north up Regent Street past the church By train and BBC Broadcasting House. 23 Portland Place Euston is on your left-hand side on the junction with New Cavendish Street. 19 minute walk Great Portland Street (Circle, Hammersmith Exit from the station, cross Euston Road and and Metropolitan lines) walk right. Turn left down Park Crescent and then left down Portland Place. Cross over the Eight minute walk road and 23 Portland Place is on your right-hand Walk down Great Portland Street away from side at the junction with New Cavendish Street. Marylebone Road. Turn right at the junction with Access New Cavendish Street. Cross the road when you reach the traffic lights on Portland Place. There is step free access to the building from 23 Portland Place is on the corner with New street level. All floors can be accessed by lift. Cavendish Street. If you would like to view these directions online, go to www.nmc.org.uk/How-to-find-us.
    [Show full text]