Lord Sugar fires West End sale
Lord Sugar’s Amsprop Estates has put an office block in the heart of London’s Fitzrovia up for sale.
CBRE and Michael Elliott have been appointed to sell Fitzroy House at 355 Euston Road, NW1. Offers in excess of £45m are sought, reflecting a 4.5% net initial yield.
Lord Sugar’s Amsprop Estates has put an office block in the heart of London’s Fitzrovia up for sale.
CBRE and Michael Elliott have been appointed to sell Fitzroy House at 355 Euston Road, NW1. Offers in excess of £45m are sought, reflecting a 4.5% net initial yield.
The 42,557 sq ft building is let to occupiers including Entertainment One, the company behind TV and film franchises such as Twilight and Peppa Pig.
Rental income of £2.1m pa equates to £50 per sq ft, meaning there is scope for rental growth in line with nearby rents, which have reached around £70 per sq ft.
joanna.bourke@estatesgazette.com