50 Baker Street
50 Baker Street
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- Joint venture named 50 Baker Street W1 JV formed in Q3 2021.
- Acquired three leasehold properties at 38-52, 54-60, and 66 Baker Street W1.
- Total area of the properties is 122,300 square feet.
- Properties generate an annual rent of 5.2 million GBP.
- Leasehold periods range from 38 to 46 years with pre-let potential.
- Part of a strategic 1.0-acre island site in London.
- Potential redevelopment opportunity at 58-64 Baker Street W1.
- Possible expansion to around 240,000 square feet subject to planning permission.
- JV requires renegotiation of the head lease for better terms.
- Additional consideration of 7.25 million GBP in Performance Bonds contingent on planning permission and lease renegotiation.
- JV closely linked to The Portman Estate's project at 25 Baker Street W1.
- Potential for vacant possession by December 2024 if all conditions are met.
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.ICS London - Wyndham Place
ST NICHOLAS MONTESSORI TRAININ
EIFA International School London
Baker Street Station
Marble Arch
Bond Street
Marylebone Station
Bond Street
Oxford Circus
George Street (Stop J)
Dorset Street (Stop R)
Cobalt, The
University College Hospital at Westmorel...
The London Clinic
Harley Street Health Centre
The Wallace
Costa Coffee
Wigmore Hall
The British Pilgrimage Trust
Brown Hart Gardens
Cavendish Square Gardens
Fitness First
Holmes Hotel London
Third Space Marylebone
Waitrose & Partners
Green Valley
M&S Simply Food
50 Baker Street
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Marylebone Station, Bond Street, Oxford Circus, Baker Street, Marble Arch, Bond Street, located near 50 Baker Street.
ICS London - Secondary International School, ICS London - Primary International School, ST NICHOLAS MONTESSORI TRAININ, located near 50 Baker Street.
The facilities available to residents of 50 Baker Street are Local Cafes, Roof Terrace and Park & Riverside Walk.
The total price range of flats in 50 Baker Street is £0K – £0K
The completion date of 50 Baker Street is Ready to move
The postcode of 50 Baker Street is W1U
You can view the 50 Baker Street Site Plan in the Site Plan section above.
The zone number of 50 Baker Street is Zone 1.
The address of 50 Baker Street is 38-70 Baker Street, London W1U 7DL.
Derwent London is the developer of 50 Baker Street.
