£2,250,000
(£538.02/sq. ft)
Retail premises for sale405 Strand, London WC2R
4,182 sq. ft
About this property
This prominent freehold commercial investment is positioned on The Strand, one of London’s most established and highfootfall thoroughfares.
The building is arranged over ground, first, second and third floors, comprising a mix of retail and office space
The building is multi-let, producing a total passing rent of approximately £92,195 per annum, with one vacant office unit offering immediate reversionary potential
The property benefits from significant potential to add value through refurbishment or conversion to an alternative use class, subject to planning
Offers are invited in excess of £2,250,000 (Two million two hundred and fifty thousand pounds) for the freehold interest, subject to contract. A purchase at this level reflects a low capital value of £538 per sq ft.
405 The Strand is a well-configured freehold commercial building, arranged to provide flexible multi-let accommodation across five floors.
The ground floor is occupied by an established retail tenant, with upper floors comprising a mixture of office
and ancillary commercial accommodation. The building benefits from frontage onto The Strand.
Location
405 The Strand occupies a highly prominent position directly next door to the Vaudeville Theatre on one of Central London’s most historic and commercially significant streets. The Strand links the City of London with the West End and benefits from intense levels of pedestrian and vehicular footfall throughout the day and evening.
The immediate surrounding area is characterised by a diverse mix of office occupiers, educational institutions, cultural landmarks, retail, hospitality and leisure uses. The location continues to benefit from strong occupational demand driven by nearby legal, academic, and corporate occupiers, underpinning rental resilience.
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