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17-19 Foley St 9,229 SF 100% Leased Office Building London W1W 6DW $22,443,161 CAD ($2,431.81 CAD/SF) 5.26% Cap Rate
Investment Highlights
- Full vacant possession can be obtained in December 2027, providing an opportunity to carry out a number of asset management initiatives
- Located in the heart of Fitzrovia, one of London’s most desirable and sought-after sub-markets
- Exceptional connectivity – with 7 stations within a 10-minute walk
Executive Summary
17–19 Foley Street presents a rare opportunity to acquire a prime freehold office building in the heart of Fitzrovia, one of London’s most established and sought-after West End submarkets. Positioned prominently on the corner of Foley Street and Ogle Street, the property benefits from strong visibility and access to a vibrant mix of occupiers, amenities and transport links.
The asset is fully let to five tenants, producing an annual rent of £630,946, reflecting a reversionary opportunity compared to prime Fitzrovia rental levels. Full vacant possession is achievable in December 2027, providing flexibility for owner-occupiers or value-enhancing repositioning strategies.
The property benefits from two planning consents that offer compelling future potential. These include an approved upward extension to create an additional office floor with a terrace, increasing total NIA to approximately 10,258 sq ft, as well as permitted development rights to convert the upper floors into residential apartments.
The asset is fully let to five tenants, producing an annual rent of £630,946, reflecting a reversionary opportunity compared to prime Fitzrovia rental levels. Full vacant possession is achievable in December 2027, providing flexibility for owner-occupiers or value-enhancing repositioning strategies.
The property benefits from two planning consents that offer compelling future potential. These include an approved upward extension to create an additional office floor with a terrace, increasing total NIA to approximately 10,258 sq ft, as well as permitted development rights to convert the upper floors into residential apartments.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
9,229 SF
Building Class
B
Year Built
1972
Price
$22,443,161 CAD
Price Per SF
$2,431.81 CAD
Cap Rate
5.26%
NOI
$1,180,035 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,828 SF
Building FAR
3.03
Lot Size
0.07 AC
Amenities
- 24 Hour Access
- Security System
- Accent Lighting
- Storage Space
- Recessed Lighting
- Shower Facilities
- Air Conditioning
- Smoke Detector
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17-19 Foley St
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