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23-24 Newman St, London

Noho Office for sale

£5,200,000 4,975 sq ft

Michael Elliott
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23-24 Newman St, London

£5,200,000 4,975 sq ft

Highlights
  • Modern Ground and Lower Ground Floor Office Investment.
Property type

Office for sale Search all

Full address
23-24 Newman St, London W1T 1PJ – Camden, London
Asking price
£5,200,000
Available space range
There is 1 space available. This measures 4,975 sq ft.
Features
Raised floor, Storage space
Brochure
Download the brochure

Sale details

Sale unit Available

4,975 sq ft, £1,045.23 per sq ft, available now

Unit Sale unit
Address 23-24 Newman St, London, London, W1T 1PJ, GB
Size 4,975 sq ft
Price £5,200,000
Price per unit £1,045.23 per sq ft
  • INVESTMENT SUMMARY — Excellent transport links with the new Crossrail interchange at Dean Street only 250 metres away.
  • — Excellent local amenities within immediate area.
  • — Established office location with strong rental growth prospects.
  • — Modern offices totalling 5,109 sq ft (474.6 sq m) over ground and lower ground floors, and 23 residential apartments let on long leases above.
  • — Offices let off only £45.02 per sq ft with recent Fitzrovia lettings in excess of £85.00 per sq ft.
  • — Single let to Freesat (UK) Limited until 29/01/2022 producing £230,000 per annum, reflecting only £45.02 per sq ft.
  • — Estimated rental value of £257,270 per annum, equating to £50.36 per sq ft.
  • — Private residential apartments producing £7,850 per annum.
  • — WAULT of 3.47 years to expiry.
  • — Total income £237,850 per annum.
  • Price: £5,200,000 Net Initial Yield: 4.3% Reversionary Yield: 4.8% Capital Value: £982 per sq ft (office element only).
Sale type Investment
Tenure Freehold / Long Leasehold
More building details Less building details

Property facts for 23-24 Newman St, London

LOCATION Located moments away from Tottenham court Road Crossrail Station.

Building subtype
Office residential
Number of storeys
8
Parking ratio
1.04
Rentable building area
4,975 sq ft
Year built
1987
Year renovated
2011
Parking
Surface: 5, Surface tandem, Covered tandem, Reserved, Covered

Attachments

PDF #1 Marketing brochure/flyer Download

This office for sale is located in Camden, London.

Search for all available commercial properties for sale in Camden, London

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Meet the team

Michael Elliott

  • A profile photo of Nathan Sugar Nathan Sugar
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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Michael Elliott. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Michael Elliott for full details and further information. 8245348