Penthouse office for sale in St. James

This property is marketed by:
Colliers

Key Features

• Ryger House comprises an eight-storey award-winning mixed-use development completed in 2015 and occupies a prominent yet secluded position at the bottom of Arlington Street, one of London’s most exclusive addresses
• The interest being sold comprises 3,312 sq ft NIA of luxurious office accommodation over the 5th and 6th floors as well as the ground rents from the five sold off flats
• Benefits from a private lift and office reception, as well as balconies on both floors offering stunning views of the surrounding area;
• EPC Rating ‘A’, offering valuable futureproofing against incoming legislation changes
• Super prime residential conversion opportunity, with existing dual use planning consent for the office floors to be converted to create two luxury flats
• Including the ground rents for the five flats, the total passing rent is £334,800 per annum
• Highly reversionary passing rent, with prime Mayfair/St James’s office rents recently achieving £200.00 per sq ft, The Crown Estate have identified St James’s as a strategic investment location and implemented a £500 million investment plan focusing on the unique architecture, historical character and public realm improvements.

Description

Prominently situated on the east side of Arlington Street, Ryger House offers an exclusive address, yet is still tucked away

in a private position at the bottom of a cul-de-sac. Completed in 2015, Ryger House comprises a stunning mixed-use building clad with Portland stone to the ground and 1st floors.

The property provides 3,312 sq ft of Grade A office accommodation over the 5th and 6th floors, connected by an attractive feature spiral staircase and benefiting from it’s own exclusive reception. The five sold off flats are set over the basement to 4th floors. The flats and offices are accessed via a beautifully designed main entrance lobby on Arlington Street. Two bespoke luxury passenger lifts provide access to the flats and the office levels separately. A central spiral staircase also serves all floors. The offices are fitted out to an extremely high specification, with a luxury residential-style finish and fully equipped kitchen on the 5th floor. Fantastic views are offered from balconies on both floors and there are excellent levels of natural light throughout. Further to this, the offices benefit from ample end-of-journey facilities with cycle storage at ground floor level and a shower room on the 5th floor.

Offers are invited for the Jersey SPV, which holds the leasehold interest for the commercial elements and ground rents for the five flats, subject to contract and exclusive of VAT.