High street retail property for sale
405 Strand, London, WC2R 0NE
£538.02 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,182 sq ft
389 sq m
- SECTOR
High street retail property for sale
Key features
- This prominent freehold commercial investment is positioned on The Strand, one of London’s most established and highfootfall thoroughfares.
- The building is arranged over ground, first, second and third floors, comprising a mix of retail and office space
- The building is multi-let, producing a total passing rent of approximately £92,195 per annum, with one vacant office unit offering immediate reversionary potential
- The property benefits from significant potential to add value through refurbishment or conversion to an alternative use class, subject to planning
- Offers are invited in excess of £2,250,000 (Two million two hundred and fifty thousand pounds) for the freehold interest, subject to contract. A purchase at this level reflects a low capital value of
Description
405 The Strand is a well-configured freehold commercial building, arranged to provide flexible multi-let accommodation across five floors.
The ground floor is occupied by an established retail tenant, with upper floors comprising a mixture of office
and ancillary commercial accommodation. The building benefits from frontage onto The Strand.
Location
405 The Strand occupies a highly prominent position directly next door to the Vaudeville Theatre on one of Central London’s most historic and commercially significant streets. The Strand links the City of London with the West End and benefits from intense levels of pedestrian and vehicular footfall throughout the day and evening.
The immediate surrounding area is characterised by a diverse mix of office occupiers, educational institutions, cultural landmarks, retail, hospitality and leisure uses. The location continues to benefit from strong occupational demand driven by nearby legal, academic, and corporate occupiers, underpinning rental resilience.
Brochures
405 Strand, London, WC2R 0NE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Charing Cross Station0.2 miles
- Covent Garden Station0.2 miles
- Embankment Station0.2 miles
Notes
Disclaimer - Property reference 351535-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Robert Irving Burns, Robert Irving Burns. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.