14/15 D'Arblay Street
Soho
London
W1F 8DZ

Prominent Freehold Central London Investment and Refurbishment Opportunity

  • First time on the market for approximately 40 years
  • Comprises a Cinema Preview Theatre and four floors of offices above, totalling about 658.12 sq m (7,084 sq ft)
  • Cinema Preview Theatre - in occupation for over 30 years
  • Third/fourth floor - tenant in occupation for over 15 years
  • Asset Management Opportunities including Imminent Lease Renewal, Refurbishment and Change of Use Potential
  • Excellent location in the heart of vibrant Soho
  • VAT-free Investment
  • Low Capital Value per sq ft on Guide Price (Approx £670 per sq ft)
  • Lot
    10
  • Auction
    28/Oct/2020
  • Rent
    £174,450 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 14/15 D'Arblay Street<br>Soho<br>London<br>W1F 8DZ
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* More information on the term "price" can be found here

Property Information

Location
Miles
0.3 miles south-east of Oxford Circus
Roads
Oxford Street (A40)
Rail
Oxford Circus (Central, Bakerloo,
Victoria Lines), Tottenham Court Road (Central, Northern Lines)
Air
London City, London Heathrow
Situation

Soho, which forms part of London's West End and is a long established media and entertainment area. The area benefits from excellent rail connections being a short walk from both Oxford Circus (Central, Bakerloo & Victoria Lines) and Tottenham Court Road (Central & Northern Lines, and imminent Crossrail - Elizabeth Line). The property is situated in a very prominent location on the north side of D'Arblay Street, in the heart of Soho, between Berwick Street and Poland Street. Nearby occupiers include numerous restaurants, cafe's and bars.

Tenure

Freehold.

Description

The property comprises a five storey building arranged as a cinema preview theatre on the ground & basement floors, with separately accessed offices arranged on the first, second, third and fourth floors.

VAT

VAT is not applicable to this lot.

Planning

The upper floors may be suitable for alternative uses subject to obtaining all the necessary consents. All enquiries should be made via Westminster City Council (www.westminster.gov.uk/planning).

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Basement
Cinema
Cinema
156.08 sq m
178.74 sq m
(1,680 sq ft)
(1,924 sq ft)
MR. YOUNGS
PREVIEW THEATRE
LIMITED (1) t/a
Soho Screening
Rooms
5 years from 25/03/2017
until 24/03/2022
£120,000Fixed rental uplift
to £125,000 on 23/03/2021
First
Second
Office
Office
111.48 sq m
72.93 sq m
(1,200 sq ft)
(785 sq ft)
VACANT---
ThirdOffice
78.97 sq m
(850 sq ft)
AIKEN SPENCE
LIMITED t/a Perfect
Day Creative
Branding Agency
5 years from 14/01/2016
until 13/01/2021 (2)
£31,875-
FourthOffice
59.92 sq m
(645 sq ft)
AIKEN SPENCE
LIMITED t/a Perfect
Day Creative
Branding Agency
5 years from 14/01/2016
until 13/01/2021 (2)
£22,575-
Total
658.12 sq m
(7,084 sq ft)   £174,450 

(1) Soho Screening Rooms have served film, television and media companies for over 50 years and are the only independent trade preview screening complex (www.sohoscreeningrooms.co.uk). The tenant has been in occupation for about 30 years. A rent deposit of £32,05.92 is held.
(2) The lease is drawn up outside the provisions of the Landlord & Tenant Act 1954. The tenant has been in occupation for about 15 years.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.10.20
    File Size
    68 MB
    Login to View
  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    14 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    760 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Braham Gold PO Box 508, Stanmore
London
HA7 9JH
Laurence Braham 07740 867079laurence.braham@brahamgold.co.uk
Seller's Solicitors
Freemans Solicitors 22 Upper Woburn Place
London
WC1H 0HW
Stephen Nelken 0207 935 3522sn@freemanssolicitors.net

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