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Seymour Place, Marylebone

74-78 Seymour Place, Marylebone, W1H 2EH

Summary

• LOCATION
  MARYLEBONE
• SECTOR
  MEDICAL
• SIZE
  4,369 SQ FT
• STREET FRONTAGE
  20 METRES
• TENURE
  LEASEHOLD - 37.4 YEARS
• TENANT
  HAPPY KIDS DENTAL
• TENANT COMMITMENT
  EXTENSIVE FIT OUT
• UNEXPIRED TERM
  14.2 YEARS
• NET PASSING RENT
  £225,195 PER ANNUM
• 2027 PROJECTED RENT
  £260,743 PER ANNUM
• REVERSIONARY POTENTIAL
  40% DISCOUNT TO PRIME RENTS
• PRICE
  £3,000,000
• NIY
  7.05%
• 2027 RY
  8.17%

More Information

• LOCATION

  The Property is prominently located on Seymour Place, at the junction with Bryanston Place in Marylebone. The world renowned Harley Street is located just 600 metres east of the property, while St Mary Hospital is situated just 600 metres to the west. The Harley Street Medical Area is home to over 5,000 practitioners', clinics and hospitals, boasting the largest concentration of specialist medical providers in the world.

• DESCRIPTION

  Princess Court is a prominent eight storey mansion block, comprising 26 residential flats and a large self-contained ground and lower commercial unit, with an extensive 20 metre frontage onto Seymour Place. The commercial space has been fitted to an exceptionally high standard to a state-of-the-art dental practice, following significant investment from Happy Kids Dental. The accommodation comprises 7 consultation rooms.

• TENANCY

  The property is let in its entirety to The American Centre of Modern Dentistry Limited with an unexpired term of 14.2 years to expiry and 4.2 years to break. The current net rent received is £225,195 per annum. The rent is reviewed 5 yearly RPI, subject to an annual collar and cap of 1% and 3%. The next rent review is 25 April 2027, where we estimate the net rent to increase to £260,743 per annum.

Gallery

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. May 2024