DEVONSHIRE PLACE MARYLEBONE W1G 6JP RARE FREEHOLD MEDICAL & RESIDENTIAL BUILDING FOR SALE 5,922 SQFT NIA 7,570 SQFT GIA PLUS ROOF TERRACE
INVESTMENT SUMMARY Situated on Devonshire Place in the centre of the world s foremost district for private medical care. In the heart of Marylebone, one of London s most desirable neighbourhoods. Freehold with no restrictions on the number of permitted medical licences. The property comprises high quality medical accommodation and a superb three bedroom, three bathroom penthouse on the Third and Fourth floors with roof terrace. Access to all floors via passenger lift. Currently occupied by six medical tenants with a vacant duplex flat. The property has an Estimated Rental Value of 393,200 pa when fully let. Total floor area 5,922 sqft NIA and 7,570 GIA.
REGENT S PARK EUSTON MARYLEBONE Edgware Road HYDE PARK Baker Street MARBLE ARCH Royal Academy of Music BAKER STREET The Princess Grace Hospital Park Lane Marylebone High St. SELFRIDGES Harley Street MARYLEBONE BOND STREET King Edwards VII s Hospital Grosvenor Street GREAT PORTLAND STREET Marylebone Road REGENT S PARK Portland Place New Bond Street OXFORD CIRCUS WARREN STREET Regent Street GOODGE STREET Oxford Street SOHO PICCADILLY CIRCUS Bloomsbury Street TOTTENHAM COURT ROAD Shaftesbury Avenue South LOCATION Located within The City of Westminster, Marylebone is one of London s most desirable neighbourhoods. Bordered by the exclusive Mayfair to the South and the creative district of Fitzrovia and Soho to the East, Marylebone has become one of London s most unique and vibrant areas. The area is known for its world renowned shopping, attractive neighbourhoods and private healthcare practices. The surrounding area for healthcare excellence is set to continue with the addition of significant public realm and real estate improvements. Marylebone s retail and leisure offerings are some of the best in London with Marylebone Village and St. Christopher s Place home to numerous high-end boutiques and restaurants. In addition, the amenities of Oxford Street, Regents Street and Bond Street are all a short walk to the south. The green open spaces of Hyde Park and Regents Park are also easily accessible by foot.
DESCRIPTION OF PROPERTY AND SPECIFICATION The building is arranged over Lower ground, Ground & four upper floors plus roof terrace. The Lower Ground, Ground, First & Second floors comprise high quality treatment rooms benefiting from communal, reception and waiting areas. The Third and Fourth floor (duplex flat) comprise three bedrooms, reception, kitchen and dining rooms with one en suite bathroom, an additional two W/C facilities and lift access to all floors. The flat offers a roof terrace providing exceptional views of Marylebone. PRICE Upon application. TENURE Freehold. EPC Provided upon application. VAT The property is not elected for VAT.
TENANCY SCHEDULE Unit Name Tenant Rent p.a. Area sq ft (NIA) Lease Start Review Break Lease End Lower Ground Rear RSN Womens Health Ltd 32,000.00 396 01/01/2018 03/03/2021 Lower Ground Front Swedish Smile Centre Ltd 23,000.00 295 15/09/2014 15/09/2020 Lower Ground Middle Ali Mahmoud Ghanem 22,000.00 244 15/11/2017 15/11/2020 31/12/2022 14/09/2031 14/11/2022 Ground Floor Rear The Harley Street Dermatology Clinic Ltd 60,000.00 713 01/12/2017 30/11/2022 Ground Floor Middle Waiting Room 228 Ground Floor Front Neverage Advanced Aesthetic Clinic Ltd,000.00 393 03/09/2018 03/09/2019 02/09/2021 1st Floor The Harley Street Dermatology Clinic Ltd 65,000.00 764 21/08/2017 20/08/2022 2nd Floor Muse Studios Ltd (Dr Tatiana Aesthetic Clinic) 60,000.00 717 24/07/2018 23/07/2021 23/07/2023 3rd & 4th Floor Flat (Duplex) Vacant Possession 96,200.00 (Estimated Rental Value) 19 Roof Terrace 237 Total Rent: 393,200.00 (Including Estimated Rental Vale of the Flat) 5,922 (plus roof terrace)
FLOOR PLANS
CONTACT DETAILS For Further Information, please contact sole agents: ROBERT IRVING BURNS Damien Field Tel: 0207 927 0620 Email: damien@rib.co.uk Adam Ben-Harosh Tel: 020 7927 6331 Email: adam@rib.co.uk 23-24 Margaret Street, London, W1W 8LF T 020 7637 0821 F 020 7637 8827 Misrepresentation Act. 1967. These particulars are intended only to give a fair description of the property and do not form the basis of a contract or any part thereof. These descriptions and all other information are believed to be correct but their accuracy is no way guaranteed.