Specification

• Highly prominent position on Gilbert Street, close to its junction with Brook Street and Grosvenor Square.
• Not listed but lies within the Mayfair Conservation Area.
• Bond Street underground station (Elizabeth, Central & Jubilee lines) 125m away.
• Prestigious former town-house benefitting from dual frontages and office use throughout.
• Net internal area of 4,921 sq ft (457.1 sq m) / gross internal area of 7,289 sq ft (677.2 sq m) – arranged over lower ground, ground and four upper floors with the benefit of two private terraces at 1st floor and roof level.
• Recent high-quality refurbishment including imposing reception, new lift, fully air conditioned and 1st floor terrace.
• Affords excellent natural light to offices from front and rear.
• Tenants include Heritage Holdings, Limelight Nova and GIRA Strategic Finance.
• Let on short term, flexible leases with breaks and expiries between December 2024 and May 2027. All leases Outside the 1954 Landlord and Tenant Act.
• Total Income, including service charge and rates, of £537,000 per annum.
• Potential alternative uses, subject to necessary approvals.
• The building is rated EPC ‘C’
• Long leasehold – approximately 101.5 year unexpired term at gearing of 10% of rents received or open market if owner occupied.
• Current Head Rent of £26,145 per annum
• Total Net income of £510,855 per annum