Wardour Street London W1 INVESTMENT SUMMARY
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181-185 Wardour Street London W1 INVESTMENT SUMMARY Highly revisionary mixed use investment. Situated on one of Soho’s most iconic streets and one of London’s prime leisure, retail and office addresses. Benefitting from a recent external and internal refurbishment programme. Prominent corner restaurant (A3) with a return frontage onto Noel Street. Upcoming restaurant rent review on 29 September 2018. Offices fully let to Blink Productions and two short term tenants. Residential penthouse apartment on 4th floor let on an Assured Shorthold Tenancy. Planning Permission granted to create 7 residential apartments and increasing the overall massing by extending the 4th floor and building a further 5th floor extension. The building is set to benefit from the increased footfall of the new Crossrail entrance to Tottenham Court Road Station opening in 2018 which is moments away. Total current NIA of 977.52 sq m, 10,522 sq ft. Entrances to offices on Wardour Street & Noel Street. Offers are invited in excess of£19,000,000 reflecting aNet Initial Yield of 3% assuming purchaser’s costs of 6.40%. This reflects a capital value of £1,805 per sq ft. Property Consultants CITY TOTTENHAM SOHO SOUTH BANK COURT ROAD SQUARE CROSSRAIL 181-185 Wardour Street London W1 WARDOUR STREET OXFORD STREET PORTLAND PLACE REGENT STREET G L O B U B A LA M C NDFO K R A E D S E T S RE R R E Y T T E L S E R R T GEO R B GE P ST REET O E E L N A NEW E CA T V C END ISH H E M STR A EET I R G Y W L E I H M B W O P N S E O E PORTLAND L L T H B L E A E R A N S SQUARE C R E T E K L R E E S E Y T T E R S T T E R E G T E T E P T O R T L MARBLE G A R N E D A T ARCH S T T I R T E C E H W T IG F M I OR E E ST L GOODGE R D EE T S T STREET CA Wardour181-185 Street CAVENDISH VEND ISH GR SQUARE PLA EEN S CE TREET London W1 O MOR TREET XFO TIMER S RD STRE BOND ET B N STREET E E R P W A N R M E T K R A O S T S N S T S R T OXFORD T E R T R E E E T E E E T N CIRCUS T RD HA FO ED B M HANOVER SQUARE C O THE BRITISH U P R G A SQUARE T MUSEUM R P O K A R W R G O L RO SV O E K ENO X A A R STR F R EET O L R D N D S A S E T G R T N T MARLBO EE R G OUGH ST T R E REE T R E E A E M T O T U NT ST C REET A EET H ELL STR C REAT RUSS P G A E R BLOOMSBURY L N R S A T B SQUARE E SOH Y O W ET G GARDENS E S R B A T T S E TOTTENHAM E T R R I U R D N ND E O W E O N C E T T I W U HYDE PARK C COURT RD O X K R F S O ET R E S TR S B ON S D BALDS ROAD T UT O T BR T S HE E T D SQ T R U L R A R R R R E E E E E E K E T A X S E E E E G H C N Q T I S L T R ET N E E O R A T U H S E S LL E I G P H Y V A T T E T K A R I R K L O E I E N F E R N S E R S T R T I I S R O T S B N T E H T W E R E G R S E T K G T E S R E O H T I C Q G L L E H E UA E H D R H O Y T I N G ST R L E R O E ET B P H L B O HO S R O R N E R AGL T D N E U S E T RE S R O E P E E T V E S E N E R T R D T R E S S L A O T C T L U STREET L TON R MP R R T D CO L Z E O A E S O B TR E N E S S ER T E T E W D R E E E R B E M T T T HOLBORN S A ST O R ROMILLY L U E NS DE R A G S T T S RT O H H R S E D A E E U N VE R A GREEN T Y R M C U U B H ET L E E S R RTFO E TR R P D A S S T Y TRE N E F EE T R U A T PARK L Q G T H A A E K E S GR O N N S I E N G ST H T S R B R LINCOLN’S INN S R ID E O L G E LISLE STREET COVENT E T O W FIELDS A PICCADILLY GARDEN N B HYDE PARK Y PICCADILLY O S E ILL D S W A R ICC P T S E T T CORNER CIRCUS G R J JERMY ACRE R N STREET NG E D A LO E T E R E E M RE T U N LEICESTER LEICESTER ST E AL R LOR Y E T F T SQUARE L S S A S T SQUARE N ’ S M E T A R S R HAYMARKET E T T I N E R ’ ST JAMES’S S T EE L COVENT C OR A KING ST O ANGE S N GARDEN N T E T RE G S ET MARKET T R I T O U T V I O GREEN PARK S N G H V A I T L R EE E TR K S L R OC WYCH W IST LD E N SQUARE V I S TA A T C HA K E LKIN RAV O T G STREE L S E B R NE S PL T MAIDEN LA DO R CHAN P TRAFALGAR E PALL MALL COCKSPUR E L ST T A C SQUARE E S T A BL E Y CARLTON HOUSE TERRACE A R ARE D AND SQU STR N O R BUCKINGHAM TH MALL U THE M PALACE BE RL CHARING TEMPLE AN W W D CROSS H A A H ST JAMES’S PARK O V T I E E R T N R S E U E E L H O A G WH O L IT U HORSE EHALL PLA L CE EMBANKMENT A GUARDS PALACE RD B M R HA PARADE R G D IN I K D C S U G B R B E IR D DCA GE WAL K T EN M K N A B EM KIN P G ETTY CH FRANCE A R RL IC ES HM S O B T ND ROA TE DW RR AY AC T E OT VICTORIA HI LL STR EET WESTMINSTER ST JAMES’S PARK JUBILEE GARDENS ORIA STREET D VICT OA R RE DE VE AD EL RO B ORK Y W E ST M INS TE R B RID WATERLOO GE PORTLAND PLACE REGENT STREET This mixed use building is located in prime Soho, London’s world – famous food, retail and creative industry neighbourhood. As well as the traditional TMT (technology, media and telecommunications) office occupiers such as Nike, Twitter, Sony, 20th Century Fox and M&C Saatchi, there has been a steady influx of financial occupiers looking to take advantage of Soho’s well located and vibrant amenities. With the world famous retail locations of Carnaby Street, Oxford Street and Regent Street within close walking G L distance, the area is also known for its trendy restaurants and bar scene as well as a thriving nightlife. Prominent O B U B Location A LA M C NDFO occupiers in the area include the Dean Street Townhouse, Soho House, Barofino, Quo Vadis, Polpo and K R A E D S E T S RE R R E Y T T Burger & Lobster. E L S E R R T GEO R B GE P ST REET O E E L N A NEW As a residential location Soho is one of the most fashionable addresses in London with current residents following E CA T V C END ISH H E M STR A EET I the footsteps of Karl Marx, Mozart, Eric Clapton and Simon Pegg among others. Additionally famous institutions R G Y W L E I H M B W O P N S E such as the Groucho Club, Ronnie Scott’s and the Colony Club have been a major draw for past and present O E PORTLAND L L T H B L E A E R A N S SQUARE C R E T E K Soho residents.