The iconic Harley Street, known as the
international centre for private medical practice
46 Harley Street is situated within Marylebone, being neighboured by many of London's most exclusive commercial and residential locations including Mayfair, Fitzrovia and Regent's Park. The timeless, yet stylish area is well known for its strong community, quality of retail and amenity and academic institutions.
The surrounding area of Marylebone has seen an influx of new occupiers and retailers in recent times, with the area becoming one of the most popular retail destinations of central London, whilst retaining its village like atmosphere.
The area benefits from excellent amenities and is a short walk away from Oxford Street, Bond Street and Regent Street. Whilst Marylebone is in a prime location, able to take advantage of some of London's finest parks with Regent's Park and Hyde Park nearby.
The property comprises a striking Grade II listed mid terraced Georgian townhouse reconstructed around 1910 with attractive decorated Portland stone elevations.
The accommodation is arranged over lower ground, ground and four upper floors with medical accommodation of the lower floors and a residential maisonette (refurbished in 2017) on the third and fourth floor. The lower ground floor and second floor have recently undergone tenants fit out works to a high specification. The lower ground floor includes some vaulted storage and plant accommodation to the front, beneath Harley Street.
Internally, the property benefits from a single staircase between all floors, multiple treatment rooms, large ground floor waiting area with reception, administrative offices and storage accommodation.
Landlord bears prorata cost of receptionist under Ching
lease & building insurance of the residential maisonette
Leases are mix of FRI by way of service charge and internal repairing and insuring
Lower Ground Floor (The Mole Clinic Limited)
Further information on financials is available within the dataroom.
We understand the Property is not elected for VAT.
Offers are sought in excess of £3,950,000 (Three Million, Nine Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT reflecting a low capital value of £965 per sq ft GIA. A purchase at this level reflects a Net Initial Yield of 3.93%, allowing for purchaser's cost of 6.53%