50 Baker Street
50 Baker Street
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Exciting Real Estate Opportunity in London
In the third quarter of 2021, a remarkable development took place in London's real estate sector with the inception of a joint venture named 50 Baker Street W1 JV. This collaboration successfully acquired three leasehold properties located at 38-52, 54-60, and 66 Baker Street W1.
Your Future Home Awaits: Apartments Available at 50 Baker Street
The total area of these properties spans 122,300 square feet, generating an annual rental income of 5.2 million, co-owned. These properties feature leasehold periods ranging from 38 to 46 years and offer pre-let opportunities.
The three properties are part of a strategically positioned 1.0-acre island site. A fourth property, 58-64 Baker Street W1, owned by The Portman Estate, is identified as a prime redevelopment opportunity. Subject to planning permissions, the area could expand to approximately 240,000 square feet.
The joint venture's plans depend on obtaining the necessary planning permissions and renegotiating the head lease under more favorable terms. An additional consideration of 7.25 million is held with Performance Bonds, which the joint venture will receive upon securing planning permissions and renegotiating the head lease.
This joint venture is strategically linked to The Portman Estate's development at 25 Baker Street W1, expected to be completed just before the joint venture's operations commence. If all conditions are met, vacant possession of the site is anticipated by the end of December 2024.
Disclaimer*Property descriptions, images, and related information displayed on this page are based on marketing materials from the developer's website. Entralon does not guarantee or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here, and they do not constitute property particulars.
This prime location offers convenient access to a multitude of transport options, including Baker Street, Bond Street, Ebbsfleet International, Edgware Road, EustonLondon, Euston Square, Goodge Street, Great Portland Street, Green Park, Hyde Park Corner, Kelvedon, Lancaster Gate, Leicester Square, Maida Vale, Marble Arch, Marylebone, Oxford Circus, Oxted, Paddington, Piccadilly Circus, Radlett, Redhill, Regent's Park, St. John's Wood, Tottenham Court Road, Warren Street, and Warwick Avenue stations.
For more details, visit the Entralon website.
