FOR SALE: Prime Freehold Investment Opportunity in Marylebone – 110 Wigmore Street, W1

An rare opportunity to acquire an attractive freehold property in the heart of Marylebone. 110 Wigmore Street is a prominent corner building offering 11,668 sq ft of high quality retail and office accommodation with 30 metres of frontage onto Wigmore and Duke Street.

Key Highlights:

• Freehold
• WAULT: 7.32 years to expiry / 5.36 years to break
• Current rent: £844,794 pa reflecting a low rent of £74.14 psf overall and average office rents of £84.92 psf with prime Marylebone office rents now standing at c £115 psf.

Asset Management Opportunities:

• Retail rent reviews (Zizzi & Menger) due October 2025 where substantial rental uplifts are anticipated on both units.
• Opportunity to drive office rents in the future through enhanced building amenity, end-of-trip facilities and undertaking 'fitted and furnished' floor by floor refurbishments.
• Potential for additional terracing and / or massing subject obtaining the necessary consents.

Offers are invited in excess of £17,600,000, subject to contract and exclusive of VAT. A purchase at this level represents a Net Initial Yield of 4.50% (assuming purchaser’s costs of 6.74%) and a capital
value of £1,508 per sq ft.