2-10 Princeton Street
Vacant Development,
Refurbishment or
Owner Occupier Opportunity
in the Heart of Midtown
Investment Highlights
- Commercial and residential opportunity
- Enviable location in the heart of London’s Midtown
- 20,537 sq ft of accommodation comprising 17,921 sq ft of commercial accommodation and 2,616 sq ft of residential accommodation
- Long leasehold interest of 150 years from 25 March 2005 at a peppercorn rent
- Offered with vacant possession
- Numerous asset management opportunities including refurbishment, change of use and redevelopment (subject to obtaining the necessary consents)
The Proposal
Offers in excess of £13,500,000 are invited for the long leasehold interest, subject to contract.
This reflects an attractive capital value of £657 per sq ft.
The Proposal
Offers in excess of £13,500,000 are invited for the long leasehold interest, subject to contract.
This reflects an attractive capital value of £657 per sq ft.
Rosewood Hotel
Gray's Inn Gardens
Hubbard & Bell
Lamb's Conduit Street
Midtown
Midtown is one of the most dynamic and evolving locations in London.
Benefitting from a strategic location between the West End and City markets, Midtown has and provides enviable transport links and accessibility for workers and visitors alike.
Occupiers and visitors are attracted to Midtown by its wide range of amenity including restaurants such as Hubbard & Bell, Holborn Dining Room and Noble Rot, and hotels such as The Hoxton and Rosewood Hotel.
Whilst once associated with the legal profession, owing to its proximity to the Royal Courts of Justice and Lincoln’s Inn Fields, the location has now evolved into a diverse and mixed tenant location.
Occupiers ranging from tech, media and financial to start-ups have all been attracted to Midtown, including Warner Bros, Amazon, Skype, Mediacom and Framestore.
Additionally, the area can boast of being home to a number of internationally recognised educational institutions including the University of Arts, UCL, LSE and King’s College London.