London Investment Properties Track Record
126-134 Baker Street, W1U
May 1, 2023
AREA
18,900 sq ft
TRANSACTION DATE
May 2023
TENURE
Freehold
TENANCY
Multi-let to Starbucks, Itsu, Snappy Snaps, KFC, Chicken Shop, 1 office tenant and 2 vacant office floors
RENT
£1,174,170 per annum
WAULT
N/A
PRICING
£17,300,000 / £915 per sq ft / 6.35%
VENDOR
British Land
PURCHASER
Malaysian Joint Venture
DESCRIPTION
CBRE advised British Land on the disposal of this mixed-use asset at the northern end of Baker Street which benefited from planning permission for conversion of the uppers to residential use.
Despite challenging market conditions and ongoing, complex asset management initiatives on the building, CBRE navigated the sales process to successful completion with a credible residential developer.
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