Freehold office building in Soho, London available for sale at GBP50 mil

ecbukitbatokaltura March 17, 2023 0

27 Soho Square, a freehold office building located in Soho, London, is being marketed in Singapore by Edmund Tie & Company, through its strategic partnership with Harris Associates, the London-based real estate agency.

The seven-storey property, which includes a basement level, has a total net lettable area of 30,990 sq ft, with a guide price of GBP50 mil ($82 million). Only five years ago, the building underwent refurbishments which included the replacement of passenger lifts and installation of a new all-electric central plant comprising an air source heat pump system and a new air handling unit.

Altura EC is a 99-year leasehold executive condominium (EC) development in Bukit Batok, with 375 units near MRT and schools, projected to launch in Q2 2023. Winning bid is 4.8% Altura EC higher than second-highest, with details of showflat and price list yet to be released.

Moreover, the property has obtained planning consent to add roof terraces and additional floors, creating an extra gross internal area of around 4,500 sq ft. Additionally, the planing consent allows for a change of use to a destination 9,200 sq ft. restaurant on the ground and basement levels.

27 Soho Square is merely a two-minute walk away from Tottenham Court Road Station, which serves the Elizabeth Line, Central Line, and Northern Line. Its prime location and close proximity to Oxford Street and the West End will also appeal to many organisations due to greater connectivity and amenities.

Swee Shou Fern, head of investment advisory at Edmund Tie, believes now is a suitable time for investors to assess this opportunity to expand their office portfolio to the UK. Jonathan Harris, Partner at Harris Associates, echoes the sentiment, “We are pleased to present this rare opportunity to investors to acquire 27 Soho Square, a prime Central London freehold office scheme with significant rental uplift and development potential.”

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