80-85 Tottenham Court Road, W1

Tottenham Court Road 80, London, W1T 7PH, UK

Description

Freehold opportunity located in Fitzrovia, one of London’s most vibrant sub-markets
Exceptional connectivity with five Underground stations within 10 minutes’ walk
43,290 sq ft (4,022 sq m) of office and retail accommodation configured over lower ground, ground and five upper floors
Let to one office and four retail tenants, with a total contracted rent of £1,956,250 per annum
28,327 sq ft (2,632 sq m) of offices arranged over 1st to 5th floors, with an expansive 1,707 sq ft first floor terrace
Offices are single let to Regus expiring in July 2026, at a highly reversionary passing rent of £48.05 per sq ft
Vacant possession of the offices and the majority of the retail units can be obtained by Q3 2026
Four well configured retail units with fully glazed frontage and rear service access facilities
Opportunity to refurbish the offices, increase the size of the reception and provide new end-of-trip amenities
Business plan optionality includes moving the vacant possession date of the whole building to September 2028 to explore planning for additional massing and external terraces
Strong rental growth prospects with 18% office rental growth forecast for Fitzrovia over the next five years.

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Attributes

Building area net

4,134 m²

Asking price

CN¥297,211,000

Media

Investment Highlights

Offers are invited for the freehold interest in excess of £32,000,000 reflecting a 5.72% yield on contracted rental income and £739 per sq ft (assuming purchaser’s costs of 6.80%).