73-77 Endell Street Covent Garden London WC2H 9AJ

73-77 Endell Street
Covent Garden
London
WC2H 9AJ

Central London Freehold Long Let Geared Office Investment

Prime West End London Location
Let to Claremorris Properties Ltd t/a Scott Brownrigg until July 2081 (No breaks)
5 yearly rent reviews to 60% of Open Market Rental Value
Highly reversionary office investment with important rent review in 2027
Attractive office building of 1,488.76 sq m (16,025 sq ft)
Site of 0.06 Ha (0.14 Acres)
Fashionable and desirable location
First time on the market in almost 100 years

Lot
5
Auction
13th February 2025
Rent
£270,000 per Annum Exclusive
Status
Available
Guide*
£5,000,000 - £5,250,000
Auction Venue
Live Streamed Auction
On Behalf of a Cambridge College

Important Update Interested?

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Central London Freehold Long Let Geared Office Investment

Prime West End London Location
Let to Claremorris Properties Ltd t/a Scott Brownrigg until July 2081 (No breaks)
5 yearly rent reviews to 60% of Open Market Rental Value
Highly reversionary office investment with important rent review in 2027
Attractive office building of 1,488.76 sq m (16,025 sq ft)
Site of 0.06 Ha (0.14 Acres)
Fashionable and desirable location
First time on the market in almost 100 years

Lot 5
Auction 13th February 2025
Rent £270,000 per Annum Exclusive
Status Available
Guide* £5,000,000 - £5,250,000
Sector
Office, Ground Rent
Auction Venue
Live Streamed Auction
On Behalf of a Cambridge College

Property Information

Location

Miles: 250 metres north of Covent Garden, 450 metres north east of Leicester Square
Roads: A40, A400
Rail: Covent Garden (Piccadilly Line), Tottenham Court Road (Northern, Central and Elizabeth Lines), Leicester Square (Northern, Piccadilly Line)
Air: London Heathrow Airport

Situation

Endell street is located in the heart of London's West End and Theatreland within close proximity to Covent Garden Piazza, Trafalgar Square and Leicester Square. The property is situated on the western side of Endell Street, close to its junction with High Holborn (A40). The immediate vicinity is highly popular and fashionable being some 150 north east of Seven Dials, 75 metres from Central Saint Giles Piazza and the landmark Centre Point building. Nearby occupiers include The Shaftesbury Theatre, Travelodge, Top Secret Comedy Club and many desirable restaurants and bars.

Tenure

Freehold.

Location

Miles: 250 metres north of Covent Garden, 450 metres north east of Leicester Square
Roads: A40, A400
Rail: Covent Garden (Piccadilly Line), Tottenham Court Road (Northern, Central and Elizabeth Lines), Leicester Square (Northern, Piccadilly Line)
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial office building arranged over five floors, currently providing a Net Internal floor area of 1,488.76 sq. m. (16,025 sq. ft.). Given the strategic location there may be opportunity to extend the existing accommodation subject to the necessary consents. The site extends to an area of 0.06 Ha. (0.14 Acres).

The current total rateable value of the property is £717,500 p.a. (ww.voa.gov.uk).

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review	Reversion
Basement Ground First Second Third Fourth	Office	294.96 453.83 366.96 189.99 183.02 -	(3,175) (4,885) (3,950) (2,045) (1,970) -	CLAREMORRIS PROPERTIES LIMITED t/a Scott Brownrigg (1)	99 years from 26/07/1982	£270,000	25/12/2027 and 5 yearly thereafter (2)	25/07/2081
Total		1,488.76	(16,025) (3)			£270,000

(1) Claremorris Properties Limited is wholly owned by Scott Brownrigg Group Limited, an international design practice specialising in architecture, masterplanning, urbanism and interior design (www.scottbrownrigg.com). For the year ending 31/01/2024, Scott Brownrigg Group Limited reported a Turnover of £21,667,606, a Pre-Tax Profit of £2,980,133 and a Net Worth of £13,431,643 (NorthRow 17/01/2025).
(2) The rent is reviewed 5 yearly to 60% of open market rent. Full details of the rent review provisions are provided within the legal pack.
(3) The floor areas stated above were agreed at the last 2 rent reviews.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.