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RIB’s Investment Team were mandated with the mixed-use Freehold sale
RIB’s Investment Team were mandated with the mixed-use Freehold sale known as 124 Cleveland Street, W1, on behalf of a private individual. Over recent years RIB have been involved in a number of sales on Cleveland Street, further emphasising our understand of the area.
About the property
The property is located on Cleveland Street, within the key West End submarket of Fitzrovia. It is one of the most well-known thoroughfares in the area with restaurants including Archipelago, Oriental Dragon, Fish Bone and Ragam.
Cleveland Street has been further boosted with the recent mixed-use development known as 101 on Cleveland Street by Dukelease, in a joint venture with Art-Invest and ECE. The completed scheme consists of 88 stylish apartments and circa 36,000 sq ft of commercial space with amenities including landscaped gardens, private screening rooms, residents gym, secure parking and 24 hour concierge.
The property comprises mixed use accommodation with retail arranged over ground floor and basement with an office over part first floor. The remaining upper floors consists of 3 x 1 bedroom apartments let on AST’s.
Following a comprehensive marketing campaign we managed to agree terms with a private individual.