78-82 Great Portland Street
78-82 Great Portland Street is a mixed-use building in London W1.
The Grade II listed 78/82 Great Portland Street was originally built in the early 1900s.
2018 April - Savills advised on the sale of 78-92 Great Portland Street & 15-19 Riding House Street to M&G Real Estate for a headline price of £49.60 million. The price reflected a net initial yield of 3.9% on a topped up basis and a capital value of £1,362 per sq ft.
The asset totals circa 0.45 acres and comprises 18,121 sq ft of offices, seven retail units totalling 11,404 sq ft and eight newly developed residential units totalling 6,885 sq ft. The offices are single-let for nine years at a low passing rent reflecting £66.22 per sq ft and the retail units are fully let at a combined rent of £0.50 million per annum, reflecting highly reversionary average rents of £118 per sq ft Zone A and a WAULT of 12 years to expiry.
2017 - The mixed-use development by Great Portland Estates completes. 17 one to three-bed apartments for sale were marketed by Savills. Prices started from £960,000 in September 2017.
This mixed-use scheme will accommodate the off-site residential space associated with the scheme at St Lawrence House, W1, including three affordable housing units which will sell on long leases to a housing association.
Construction works for the 18,600 sq ft scheme started in early 2015 and completed in May 2017.
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Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.