For Sale

Commercial Property

Bell Street

£950,000 OIRO

  • Freehold property
  • Good Marylebone location, close to transport and amenities
  • Ground floor A1 self contained office 492 sq ft
  • Lower ground floor B1 self contained office space 613 sq ft
  • Ground rent income
  • Residential lease extension income
  • Potential planning into residential (stpp)
  • Separate entrances to both office

The ground floor office is currently let at a rental income of £20,000 pa. Till February 2018 comprising of office space with a kitchen and toilet over 492 sq ft. The self contained lower ground floor office has a fully fitted kitchen to the front and a tiled bathroom/shower room with toilet and basin to the rear over 613 sq ft; this has a potential rental income of over £15,000 pa.

The ground rent collected for the two leasehold flats above is £200 pa.

There is an opportunity to convert these offices into one or two residential flats (Subject to the necessary permissions). As a second option, the combined open market rent for the property is expected to be over £40,000 pa. Lastly the premises would make a well located business - being in close proximity to Marylebone Road, Baker Street and Marylebone Station

The property is located near the corner of Bell Street and Lisson Grove, minutes from Marylebone and Baker Street tube stations. There are plenty of pay and display street parking spaces directly outside the property.

This is a rarely available freehold premises in a excellent location

Floorplan for 109 Bell Street

Floorplan for 109 Bell Street

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