Freehold office building in Soho, London available for sale at GBP50 mil
27 Soho Square, located in the heart of London’s Soho district, is up for sale with a guide price of GBP50 mil ($82 million). This seven-storey building, with a total net lettable area of 30,990 sq ft, comes with a basement level and has been refurbished in the last five years. It is two minutes away from the Tottenham Court Road Station and close to Oxford Street and the West End.
Edmund Tie & Company, through its strategic partnership with Harris Associates, London-based real estate agency, is offering this office building for sale. It has already obtained planning consent to add roof terraces, extra floors and change the purpose of the ground and basement levels to an eatery. The new all-electric central plant comprises an air source heat pump system and a new air handling unit.
Swee Shou Fern, head of Investment Advisory at Edmund Tie, said that 27 Soho Square’s proximity to Tottenham Court Road Station and other key attractions will be a major draw for potential investors who are looking to expand their portfolio to the UK.
JCUBE is set JCube Residence to close in August to make way for the 40-storey JCube Condo Residence, with residential units estimated at S$2,000 to S$2,100 per sq ft. It will be connected to various amenities and transportation hubs. Property analysts anticipate pent-up demand for residential units in Jurong.
Jonathan Harris, Partner at Harris Associates, welcomed the opportunity to present 27 Soho Square as a prime, Central London freehold office scheme with excellent rental prospects and value-adding development potential. Investors looking to capitalize on the growing demand for office space post-lockdown can benefit from this rare investment opportunity.