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31 Eastcastle Street, London
Details
Description
Freehold Class E Building
Shelana House is an attractive freehold Class-E building arranged over lower ground, ground and four upper floors, prominently positioned on Eastcastle Street in the heart of Fitzrovia.
Extending to 8,225 sq ft (NIA), it offers efficient floorplates of over 1,000 sq ft (NIA) with access and amble WC facilities throughout, and a spacious Ground floor entrance / reception area. Fully let to a diverse range of occupiers, the building generates £449,506 per annum, reflecting a blended passing rent of approximately £54 psf. This presents an attractive opportunity to capture future rental growth through active asset management, supported by strong reversionary potential
against prime Fitzrovia rents.
Location
Eastcastle Street is situated in the heart of Fitzrovia, one of London's most established and vibrant mixed-use districts, with a diverse blend of office, retail, hospitality, leisure and residential occupiers.
Shelana House benefits from excellent transport connections and is surrounded by
an outstanding range of amenities, including the world-class shopping of Oxford Street and the renowned restaurants of Charlotte Street.
The property also enjoys easy access to Marylebone, Soho, Mayfair and Bloomsbury, placing it at the centre of London's West End.
Available Area
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| lg JC Post LLP | 1,443 | 134.06 | On Application | Available |
| g Selteq Ltd | 1,561 | 145.02 | On Application | Available |
| 1st ITB | 1,518 | 141.03 | On Application | Available |
| 2nd MJMK Restaurants Ltd | 1,417 | 131.64 | On Application | Available |
| 3rd Stratton Metal Resources Ltd | 1,251 | 116.22 | On Application | Available |
| 4th JC Post LLP | 1,065 | 98.94 | On Application | Available |
| Total | 8,255 | 766.91 |
Features
- Freehold Class-E building for sale for the first time in over 40-years on Eastcastle Street, a prime location in Fitzrovia
- Arranged over lower ground, ground and four upper floors extending to 10,487sqft (GIA) / 8,254sqft (NIA).
- The property benefits from a 6-person passenger, private cloakrooms on each floor and a spacious reception area
- The building is fully let to five tenants on 5x leases, producing £449,506pa, WAULTB 2.03 years. WAULTE 3.01 years.
- The total blended passing rent (£54 psf) is considered reversionary when compared to prime rents in the area.
- Property sits in the heart of Fitzrovia, a stone’s throw away from Oxford Street.
- Offers are invited at a guide price of £8,850,000 (Eight Million Eight Hundred And Fifty Thousand Pounds) for the Freehold interest.
Materials
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