78-82 Great Portland Street

W1W
Mixed use building

Key Details

Address
78-82 Great Portland Street, London W1W 7NS
County
Greater London
Country
England
Completion
February 2017
Buildings
1
Flats
26

Overview

78-82 Great Portland Street is a mixed-use building in London W1.

The Grade II listed 78/82 Great Portland Street was originally built in the early 1900s.

History

2018 April - Savills advised on the sale of 78-92 Great Portland Street & 15-19 Riding House Street to M&G Real Estate for a headline price of £49.60 million. The price reflected a net initial yield of 3.9% on a topped up basis and a capital value of £1,362 per sq ft.

The asset totals circa 0.45 acres and comprises 18,121 sq ft of offices, seven retail units totalling 11,404 sq ft and eight newly developed residential units totalling 6,885 sq ft. The offices are single-let for nine years at a low passing rent reflecting £66.22 per sq ft and the retail units are fully let at a combined rent of £0.50 million per annum, reflecting highly reversionary average rents of £118 per sq ft Zone A and a WAULT of 12 years to expiry.

2017 - The mixed-use development by Great Portland Estates completes. 17 one to three-bed apartments for sale were marketed by Savills. Prices started from £960,000 in September 2017.

This mixed-use scheme will accommodate the off-site residential space associated with the scheme at St Lawrence House, W1, including three affordable housing units which will sell on long leases to a housing association.

Construction works for the 18,600 sq ft scheme started in early 2015 and completed in May 2017.

#launchingsoon - subscribe to our weekly newsletter
Be the first to hear about the upcoming launch events and emerging projects – Buildington’s free ‘Launch Events Weekly’ newsletter is sent out once a week

Site & Location

Transport

TUBE
Oxford Circus Underground StationBakerloo, Central, Victoria
BUS
Margaret Street / Oxford Circus453, 88, N18

Team

Company
Type
Year
Sales

Timeline

News, events, milestones and offers from the new development
+ Post a new milestone

News from the companies

Nearby new developments

95 New Cavendish Street
 
Planning application submitted
A new planning application has been submitted for the refurbishment and extension of the existing building comprising external amendments including a new facade and a...
17.05.2022
Cavendish Square
 
Planning Committee meeting
Westminster Council is set to approve plans for using the square as a pop-up event space for four months this summer. A temporary theatre would be set up on the...
24.05.2021
Completion
2022
Fitzroy Walk
 
Coming soon
Register your interest now in the new townhouses, duplex penthouses and apartments in the Fitzrovia Walk development in Fitzrovia, London W1.The selling agents are...
25.01.2024
Completion
2024

Disclaimer

Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.