A freehold office building located at 27 Soho Square situated within Soho, London, is being offered for sale with the price being GBP50 mill ($82 million). It is currently being advertised through Singapore through Edmund Tie & Company, through their strategic alliance together with Harris Associates, the London-based real estate company who has been selected as the sole advertising agent to the property.
Pinetree Hill condominium is offered by the Urban Redevelopment Authority (URA) under the Government Land Sales (GLS) programme has been closed.
The seven-storey building has an unfinished basement and an area net lettable of 30,990 square feet. The building was first constructed in 1985. it has been renovated over the past five years, which included the replacement of passenger lifts as well as the installation of a new , all-electric central plant that includes an air source heating as well as a brand new Air handling system.
As per Edmund Tie, the property has been granted planning permission for roof terraces and additional floors, resulting in an extra gross interior area of approximately 4,500 square feet. “The planning approval permits the conversion of use to a 9,200 square feet restaurant on the basement and ground floors,” the firm adds in a press announcement.
27 Soho Square is a two-minute walk of Tottenham Court Road Station, that is served by the brand new Elizabeth Line, Central Line as well as the Northern Line. It is also within walking distance of Oxford Street and the West End.
Swee Shou Fern Edmund Tie’s director of advisory services for investments, believes that the 27 Soho Square’s ideal spot will be attractive to a wide range of companies due to its accessibility and the surrounding amenities. “With offices bringing back office employees to their workplaces this is the perfect time for investors seeking to extend their office portfolio in UK. UK,” she adds.
Jonathan Harris, Partner at Harris Associates, says, “We are thrilled to offer investors with this rare opportunity to purchase 27 Soho Square, a prime Central London freehold office scheme with significant rental increase and the potential for development.”