Description

Dating from the 1930s, Rathbone Place was originally developed as a 35,000 sq ft warehouse. Currently in use as an office, Lothbury purchased the property 'off-market' for £23.2m in July 2010. Situated just to the north of Oxford Street and within easy reach of Tottenham Court Road underground station, the property boasts an ideal central London position. It is also perfectly placed to benefit from the Crossrail project which is set to open in 2018. Purchased with vacant possession, a comprehensive refurbishment programme is now underway. This valuable redevelopment will provide an additional 5,500 sq ft of Grade A lettable space and coincides with a dearth of new supply in the market.

Source: Lothbury Investment Management

Companies

EPR Architects

Lothbury

Galliford Try