4 - 12 New Cavendish Street

Tuatara were instructed to sell 4–12 New Cavendish Street, a prime mixed-use retail and residential investment in the heart of Marylebone.

This was the first time in 60 years the property had been sold.

Key Highlights:

• Instructed to sell on behalf of the client

• Prime Marylebone mixed-use retail and residential investment

• Virtual freehold (893 years unexpired) from the Howard de Walden Estate at £80 p.a. ground rent

• Prominent corner position at Marylebone High Street – one of London’s premier retail destinations

• Attractive period property (built 1902) refurbished to a high standard

• Total 13,733 sq ft across five floors

• 5,297 sq ft retail let to four tenants producing £406,000 p.a., with ERV of £510,000 p.a.

• 8,436 sq ft residential, six fully let apartments generating £555,500 p.a.

• Combined topped-up rent of £1,065,500 p.a.