Owner Occupier / Asset Management /
Development Opportunity
68 Grafton Way, Fitzrovia, London W1T 5DT
For Sale Freehold
g
Prime Fitzrovia location, next to Fitzroy Square
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Existing office (B1a Use Class) throughout
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Potential for owner occupation, commercial investment
or conversion to residential use, subject to planning
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For sale freehold with vacant possession available with
three months written notice
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Property arranged over lower ground, ground and
three upper floors with an existing Gross Internal Area
of 245.9 sq m (2,647 sq ft) generating a Net Internal
Area of 181.7 sq m (1,956 sq ft)
Savills
33 Margaret Street
London W1G 0JD
savills.co.uk
Location
The property is located in a prime Fitzrovia
location, next to Fitzroy Square, situated on
on the north side of Grafton Way, close to the
junction with Whitfield Street.
Tottenham Court Road is 100 metres east of
the property and links Grafton Way to Oxford
Street and the fringe of Soho, 950 metres to
the south, providing an extensive retail and
leisure offering with a wide range of shops,
restaurants and bars. Regent’s Park is a short
walk away, less than 650 metres to the north
offering roughly 395 acres of public parkland.
The location benefits from a vibrant mix
of restaurants along Charlotte Street and
Tottenham Court Road, including Franco
Manca, Gaucho, Salt Yard and The Crazy Bear.
The property benefits from excellent transport
links. Warren Street underground station
(Victoria Line) is approximately 150 metres to
the north east of the property and Goodge
Street (Northern Line) is approximately 400m to
the south east of the property. These services
provide direct access to Euston, Victoria, King’s
Cross, Charing Cross and London Bridge
mainline rail stations.
The property is well served by multiple bus
routes from Tottenham Court Road and Euston
Road to central London locations.
The existing schedule of accommodation is set out below.
Floor
Use
Gross Internal Area
Net Internal Area
SQ M
SQ FT
SQ M
SQ FT
3rd
Office B1a
44.6
480
36.4
392
2nd
Office B1a
43.9
473
35.6
383
1st
Office B1a
42.5
457
34.1
367
G
Office B1a
49.6
534
32.3
348
LG
Office B1a
65.3
703
43.3
466
245.9
2,647
181.7
1,956
Total
Tenancies
The property has several existing tenancies, however vacant possession is available with three
months written notice. The details of these tenancies are set out below:
Rent
(per annum)
Floor
Tenant
Lease Terms
Third Floor
Developing Projects
Limited
Five year lease term from
18/11/2014 to 25/07/19, subject
to a rolling mutual break option with
three months written notice period.
£9,000.00
Five year lease term from
17/04/2015 to 25/07/2019,
subject to a rolling mutual break
option with three months written
notice period.
£8,500.00
Second Floor
(front)
Mark Hanrahan
(t/a Rockford Rental
Productions)
Second Floor
(rear)
Smyth International
Monthly Agreement
£3,000.00
The property is a former residential townhouse
which has been converted and is now in office
(Class B1a) use. The property comprises lower
ground, ground and three upper floors.
First Floor
Graftongate
n/a (owner occupier)
-
Ground
Graftongate
n/a (owner occupier)
-
Basement (front)
Vacant
-
-
The property is bounded to the west by 70
Grafton Way, to the north by Grafton Mews, to
the east by 66 Grafton Way and to the south by
Grafton Way.
Basement (rear)
Vacant
-
-
Description
Total
£20,500.00
Floor Plans
Basement
Ground Floor
First Floor
Second Floor
Not to scale - for identification purposes only
Third Floor
68 Grafton Way
D
EL
E
AC
o8
1t
I
TF
HI
W
PL
1
13
4
11
o
5t
13 37
1
6
11
64
12
9
2
1
66
70
49
Ra
ms
H
ay
all
T
EE
R
ST
28.0m
LD
IE
TF
HI
W
PH
0m
5m
Ordnance Survey © Crown Copyright 2014. All rights reserved.
Licence number 100022432. Plotted Scale - 1:7500
10m
15m
Ordnance Survey © Crown Copyright 2014. All rights reserved.
Licence number 100022432. Plotted Scale - 1:449
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number
100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
For indicative purposes only
Planning
EPC
The property is located in the London Borough of Camden and falls
within the boundary of the Fitzroy Square Conservation Area. The
building is not listed.
The property has an EPC Rating ‘E’, the full certificate is provided in the
Data Room.
The property falls in an area excluded from the use of permitted
development rights for change of use from office to residential.
There is potential for change of use and additional floorspace to the rear
of the property, subject to the necessary consents.
Viewings
Viewings are strictly by appointment, please contact the sole selling
agents to make an appointment.
Further Information
Method Of Sale
Further information can be found on the dedicated dataroom:
The property is for sale freehold by way of informal tender
(unless sold prior).
http://sites.savills.com/68Graftonway
VAT
The property is elected for VAT.
Rateable Value
£57,750
Contacts
For further information please contact:
Harry de Lotbiniere
Darren Arnold
Cal Lee
020 7016 3852
020 7409 9926
020 7409 8807
[email protected]@savills.com [email protected]
Important Notice
Savills, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their
own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars.
These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily
comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have
not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Designed and Produced by Savills Marketing: 020 7499 8644 | May 2015