Portland House, 164 New Cavendish Street, London, W1W 6YT
Size
325 - 1,758
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Opportunity to acquire a Freehold Class E building situated within close proximity to the iconic BT Tower, in the heart of Fitzrovia, Central London.
- The property is arranged over lower ground, ground and three upper floors extending to 1,758 sq ft | 163.3 sq m (NIA).
- The property is currently let to four occupational tenants, producing a total passing rent of £71,250 per annum exclusive, with the lower ground floor currently vacant.
- Opportunity to enhance the rental income through asset management, reconfiguration and refurbishment
- Price: £1,550,000 (One Million Five Hundred and Fifty Thousand Pounds), for the Freehold Interest, Subject to Contract.
Description
The property comprises a multi-let Class E building arranged over lower ground, ground and three upper floors.
The lower ground floor is currently vacant, providing an incoming purchaser with the opportunity, refurbish and
re-let the accommodation. The property is fully let to a well-established tenant base, with occupiers in situ for between 5 and almost 23 years.
All tenants have renewed on at least two occasions, with the ground-floor tenant demonstrating a 32-year lease commitment through to 2036.
Location
Portland House occupies a prominent position on New Cavendish Street, close to its junction with Cleveland Street and within close proximity to the iconic BT Tower, in the heart of Fitzrovia.
Fitzrovia is one of Central London’s most established commercial districts and is particularly popular with occupiers from the media, technology, architecture, healthcare and creative industries.
The surrounding area provides an extensive range of retail, leisure and hospitality amenities, with the restaurants and cafés of Great Titchfield Street, Charlotte Street and Great Portland Street all within easy walking distance.
The micro-location is set to benefit significantly from the planned transformation of the BT Tower into one of London’s most iconic hotels, following its acquisition by MCR Hotels in 2024.
The property is also well positioned for access to Oxford Street, Regent Street, Marylebone High Street and Regent’s Park
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Portland House, 164 New Cavendish Street, London, W1W 6YT
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Disclaimer - Property reference 399883-1. 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 Limited , 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.