Freehold office building in Soho, London available for sale at GBP50 mil

Offers for 27 Soho Square are due by 3pm on Apr 6, 2021.

The prime office building located at 27 Soho Square in Soho, London is up for sale with a guide price of GBP50 mil ($82 million). Edmund Tie & Company, through its strategic partnership with Harris Associates, the London-based real estate agency appointed as the exclusive marketing agent for the property, is marketing the building in Singapore.

The seven-storey building with a basement level has a total net lettable area of 30,990 sq ft and was built in 1985. Refurbishment works were carried out in the last five years to replace the passenger lifts and install a new all-electric central plant with an air source heat pump system and air handling unit. With planning consent to add roof terraces and additional floors, there is an extra gross internal area of 4,500 sq ft. A destination restaurant covering 9,200 sq ft on the ground and basement levels is also allowed.

CDL Aries acquires Upper Bukit Timah plots, paving the way for new residential development providing Singaporeans/investors a prime address and The Myst convenient access to amenities and public transport.

Swee Shou Fern, Edmund Tie’s head of investment advisory, believes this prime location will appeal to many organisations due to its great connectivity and surrounding amenities. With staff returning to the workplace, it may be a great chance for investors to add a UK office portfolio to their assets.

Jonathan Harris, Partner at Harris Associates, comments, “The property presents an excellent opportunity to secure a freehold office scheme with incredible upside potential in terms of rental and development.”

Offers for 27 Soho Square are due by 3pm on Apr 6, 2021. It is a two-minute walk to Tottenham Court Road Station, which is served by the Elizabeth, Central, and Northern Lines. Oxford Street and the West End are also close by.

With a great combination of benefits, 27 Soho Square is the perfect area for investments and potential rental or development expansion. Investors keen to acquire a Central London office property should consider this property given its prime location and potential.