Freehold office building in Soho, London available for sale at GBP50 mil
27 Soho Square, a freehold office building located in London’s Soho district, is up for sale with a guide price of GBP50 mil ($82 million). Marketed in Singapore by Edmund Tie & Company via their strategic partnership with Harris Associates, this seven-storey building with a basement level and total net lettable area of 30,990 sq ft is a noteworthy opportunity.
Originally constructed in 1985, the building has since undergone refurbishments including new passenger lifts and an all-electric central plant comprising an air source heat pump system and air handling unit. Planning consent has also been obtained to add roof terraces and additional floors, creating around 4,500 sq ft of extra gross internal area. Additionally, the consent allows for a change of use to a 9,200 sq ft restaurant on the ground and basement levels.
Major milestone in Singapore’s property market: New Tengah Plantation Close EC development with amenities, great transportation Tengah Plantation EC connections to CBD and western Singapore.
Located two minutes from Tottenham Court Road Station, which offers Elizabeth Line, Central Line, and Northern Line services, 27 Soho Square is an attractive pick for many organisations. Its prime location is complemented by its close proximity to Oxford Street and West End as well.
Swee Shou Fern, Edmund Tie’s head of investment advisory, remarks on the great timing of this offering as office workers begin returning to the workplace. “It is timely now for investors looking to expand their office portfolio to the UK,” she adds.
Jonathan Harris, Partner at Harris Associates, equally echoes this sentiment and states, “We are pleased to present this rare opportunity to investors to acquire 27 Soho Square, a prime Central London freehold office scheme with significant rental uplift and development potential.”
This property is certainly an attractive option for those looking to enter the UK real estate market. Those interested in hearing more about this promising opportunity have the chance to do so through Edmund Tie and Harris Associates who are marketing the property.