104 Harley Street, London W1



104 Harley Street, London W1

  • Price£13,400,000
  • Income£496,434
  • Yield3.7%
  • SectorOther
  • StatusAvailable

    Attractive Grade II Listed Investment Opportunity on One of London's Most Famous Streets


    • Harley Street is one of the West End’s most famous internationally recognised streets.
    • An attractive Grade II listed building arranged over lower ground, ground and four upper floors.
    • 999 year long leasehold interest at a peppercorn from Howard de Walden Estate.
    • Multi let to dental and medical practices and a residential AST.
    • 3 Bedroom maisonette over 3rd and 4th floors currently let on an AST.
    • Current income of £438,094 pa.
    • Low base rent with prospects for rental growth immediately.
    • Conservative ERV of £90 psf on ground and upper floors, equates to an ERV of the whole building of £529,230 pa.
    • Offers in excess of £13.4M subject to contract and exclusive of VAT.
    • Reversionary yield of 3.7% that can be achieved this year.
    • Capital value of £1,872 psf on net accommodation and £1,206 psf on gross accommodation.
    • Vacant possession is possible.