The subject property is located at 47 Crawford Street and was acquired for £950,000 on behalf of a private client, reflecting a yield of 4%. RIB acted for the purchasers in this transaction. The property was purchased freehold and is located near several London Underground stations including Edgware Road, Baker Street, Regent’s Park, Great Portland Street, and London Marylebone which is also a major mainline station. In addition, the property benefits from excellent road connections with Westway, the A501, and the A5 all located nearby.

Speaking to Board Director Damien Field, he stated the following: “We were delighted to have completed on the acquisition of 47 Crawford Street on behalf of our private client who intends to improve the value through refurbishment and active asset management. RIB have been very active in the Marylebone area, both from an acquisition and a sales perspective. It’s an area we understand very well.