Freehold Building For Sale or To Let in London, W1T

This property is marketed by:
Colliers

Key Features:

• Outstanding connectivity links, within walking distance of Oxford Circus, Tottenham Court Road and Goodge Street stations.
• Newly refurbished Edwardian building providing high-quality, characterful office space.
• Fully let to two tenants on a managed basis, with a WAULT of 0.66 years to expiry, producing a total gross passing rent of £591,773 per annum.
• Suitable for investors, owner-occupiers and residential developers.
• Opportunity to explore further massing as well as a roof terrace, subject to planning consent.

Description

Fitzrovia serves as a business and creative hub firmly established as a key central hotspot for living and working.

The immediate area is renowned for its popular restaurants, bars, shops and galleries, all contributing to the uniquely charming atmosphere found on every street.

Wells Street enjoys close proximity to neighbouring submarkets Soho and Marylebone, exposing it to some of London’s finest amenities.

Positioned on the west side of Wells Street between Mortimer Street and Eastcastle Street. The building sits near the junction of Riding House Street, in the centre of Fitzrovia.

50-51 Wells Street is located within a 5-minute walk of Oxford Circus Station, providing access to the Victoria, Bakerloo and Central Lines. It is also within a 7-minute walk of Goodge Street, Tottenham Court Road Station and Great Portland Street stations, further enhancing connectivity across London and beyond. Following the transformation of Tottenham Court Road Station, this location now benefits from access to the Elizabeth Line connecting you across London and out to Heathrow airport.

50-51 Wells Street is a characterful early Edwardian office building, dating back to the 1910s, and comprising 3,880 sq ft NIA and 5,057 sq ft GIA.

The building features a striking brick and Portland stone façade, with large windows on both front and rear elevations, providing excellent levels of natural light throughout.

The property is arranged over basement, ground, and three upper floors. The offices were recently comprehensively refurbished to offer high-quality accommodation that blends period charm with modern functionality. Each floor plate is individually self contained, presenting open plan, regularly shaped units.

PROPOSAL

Unconditional offers in excess of £5,500,000 are invited for the freehold interest in the property, subject to contract and exclusive of VAT