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51-52 Tottenham Court Road, London
Details
Description
The property comprises two adjoining freehold buildings, providing mixed-use accommodation.
51 Tottenham Court Road consists of retail premises over the lower ground and ground floor, with 4x 2 bedroom residential apartments above, all in good condition.
52 Tottenham Court Road comprises retail accommodation over the lower ground and ground floors, vacant offices on the 3 upper floors, with consent to convert to 3 residential apartments and a communal terrace.
Location
Tottenham Court Road sits in the heart of London’s West End most vibrant leisure and entertainment district; strategically positioned next to the submarkets of Soho, Covent Garden, Bloomsbury and falls within Fitzrovia – a popular central London location. It has attracted a range of major occupiers from the media, broadcasting, and creative sector, together with boutiques and renowned restaurants.
Tottenham Court Road has recently undergone a significant re-development to modernise the underground station and revitalise the streetscape; creating what is now a pedestrian-friendly environment with significantly increased footfall in the surrounding area.
Fitzrovia is a well-established location for craftsmen, artists, and creatives. Its rich history continues to define this area of London, making it one of the most lively and unique destinations.
The property is situated on the western side of Tottenham Court Road between the junctions of Goodge Street and Windmill Street.
The property itself benefits from excellent communication links, with Goodge Street (Northern Line), Tottenham Court Road (Central, Northern and Elizabeth Lines), and Oxford Circus (Central, Bakerloo and Victoria Lines) all within a few minutes walking distance to the property, providing wider access to the London transport network - a major factor in attracting businesses and retailers to the area. National occupiers include Metro Bank, Itsu, O2, M&S and NatWest Bank.
Available Area
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| basement 51 Tottenham Court Road | 317 | 29.45 | On Application | Available |
| Ground 51 Tottenham Court Road | 906 | 84.17 | On Application | Available |
| 1st 51 Tottenham Court Road | 635 | 58.99 | On Application | Available |
| 1st 1st & 2nd Floor- 51 Tottenham Court Road | 844 | 78.41 | On Application | Available |
| 2nd 51 Tottenham Court Road | 646 | 60.02 | On Application | Available |
| 3rd 51 Tottenham Court Road | 635 | 58.99 | On Application | Available |
| basement 52 Tottenham Court Road | 340 | 31.59 | On Application | Available |
| Ground 52 Tottenham Court Road | 966 | 89.74 | On Application | Available |
| 1st 52 Tottenham Court Road | 721 | 66.98 | On Application | Available |
| 2nd 52 Tottenham Court Road | 398 | 36.98 | On Application | Available |
| 3rd 52 Tottenham Court Road | 420 | 39.02 | On Application | Available |
| Total | 6,828 | 634.34 |
Features
- Prime mixed-use Freehold situated on Tottenham Court Road within Fitzrovia.
- Excellent communication links, with Goodge Street (Northern Line) and Tottenham Court Road (Central, Northern and Elizabeth Line) both within a few minutes walking distance.
- The building is well located on the western side of Tottenham Court Road, between the junctions of Goodge Street and Windmill Street.
- The property is mixed-use, comprising retail, offices and residential. Once the proposed conversion works at 52 TCR are completed, the assets will comprise two Class E Retail premises and 7 apartments.
- The property offers various asset management opportunities, such as residential conversion, refurbishment and re-configuration.
- Planning permission granted for the re-configuration of the ground floor and to convert the vacant offices to residential.
- The current passing rent (£266,500, subject to the new lease on no.51 being signed) is considered highly reversionary.
Materials
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