Block of flats for sale in Lisson Street, London NW1, £1,400,000

1,400,000.00

Offer Nr.:
65795866
Type of ad:
for Sale
Property type:
Block of flats
Contact name:
Estate Office
Phone(s):
020 7768 1786

Zone 1 Prime Mixed - use Investment.
Opportunity to acquire a Freehold building.
Excellent transport connectivity, within close proximity of Edgware Road
Station (Bakerloo, Hammersmith & City, Cicle and District Lines) and London
Marylebone Station (Chiltern Railway).
Attractive mixed - use building comprising a vacant Class E unit over lower
ground, ground and mezzanine, with three self - contained flats above.
Two flats are sold off on long leases (61 years unexpired and 152 years
unexpired), one flat let on an AST.
Total area 2, 553 sq ft:
2, 117 sq ft NIA Office.
436 sq ft gia top floor flat (excluding balcony).
Estimated Rental Value for the office c. £63, 500 (£30 per sq ft) and
reversionary income on the upper floor flat.
Freehold
Significant value add opportunities including change of use to residential,
subject to necessary consents.
Offers are sought in excess of £1, 400, 000 (One Million Four Hundred Thousand
Pounds), subject to contract. A purchase at this level reflects a blended low
Capital Value of £548 per sq ft.

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