Investment Opportunity

Lees Place, Mayfair, W1K 6LL. £12,000,000 (subject to contract).

Lees Place, Mayfair, W1K 6LL.

Prime Mayfair Residential / Commercial Investment Opportunity. A substantial property comprising 11 apartments over 1st to 3rd floors and 6 commercial (A2/A1/B1) units over ground and lower ground with a total square footage of 12,507sq ft (GIA). The entire building is owned on a headlease with 42 years remaining and the apartments are held in 6 SPV's allowing for lease extensions in the future. A license has been granted by the freeholders (Grosvenor Estate) allowing the commercial units to be combined to create one unit of 6,131 sq ft. The residential part of the block has its own ground floor entrance,  a lift servicing all floors and established use for short term lettings (less than 90 days) - currently fully let producing c£543,400pa with a mixture of short and long term tenants (both allowed). Further info / brochure available.

» Further details (PDF)

For further information:

Daniel Reuben / Ben Levy 020 76251266.