110 Wigmore Street, Marylebone, London

Levy purchased this asset on behalf of an American private family office over 20 years ago and were involved in the successful leasing and asset management campaigns throughout. The building included multi let office space across five floors, a restaurant unit and a retail unit which were all fully leased. The freehold asset holds a prominent corner position in a desirable west end location in the heart of Marylebone only a short walk to Bond Street station. The office, restaurant and retail space had significant rental reversion and there was an opportunity to increase the outdoor area from the existing terrace on the 4th floor.

The sales process attracted over 40 inspections from interested parties. These included UK and overseas funds, private family offices from throughout the world and prop co’s. Levy ran a competitive bidding process which attracted a list of 10 of prospective purchasers and after a second bid deadline, we identified our preferred counter party who were a family office with nearby holdings.

The sale was mutually agreed at just under 3% in excess of our quote price.