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Davidson Building 3-8 Southampton St 41,878 sq ft 100% Let 4-Star Office Property London WC2E 7HA £70,000,000 (£1,671.52/sq ft) 5% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold
- Prominently located in the heart of Covent Garden – less than 100m from the world-famous the Piazza
- £6 million refurbishment programme recently completed
- Striking, 42,819 sq ft (3,978.0 sq m) all-electric, EPC A, office, and retail asset
- Excellent connectivity close to six London Underground stations including the Elizabeth Line at Tottenham Court Road
- Mixed-use office and retail asset with a diversified income stream
EXECUTIVE SUMMARY
Striking, refurbished office & retail investment located in the heart of Covent Garden
Introducing a rare opportunity to acquire a striking freehold asset in the heart of Covent Garden, just steps from the world-renowned Piazza. This 42,819 sq ft (3,978.0 sq m) all-electric building boasts an EPC A rating, blending premium Grade A office space with prime retail.
Recently revitalised through a £6 million refurbishment, the property offers 30,715 sq ft (2,853.5 sq m) of multi-let offices with strong reversionary potential—current rents average £91.77 psf, with recent lettings achieving £105.00 psf. The retail element spans 11,163 sq ft (1,037.1 sq m) and is securely let to Marks & Spencer Plc on a 15-year lease with CPI-linked rent reviews (collared at 1% and capped at 3%).
With a WAULT of 6.8 years to lease expiries and a topped-up passing rent of £3,568,730 per annum (£85.22 psf overall), this asset combines long-term income security with exceptional growth prospects. Positioned within reach of six Underground stations, including the Elizabeth Line at Tottenham Court Road, it offers unrivalled connectivity in one of London’s most vibrant districts.
Introducing a rare opportunity to acquire a striking freehold asset in the heart of Covent Garden, just steps from the world-renowned Piazza. This 42,819 sq ft (3,978.0 sq m) all-electric building boasts an EPC A rating, blending premium Grade A office space with prime retail.
Recently revitalised through a £6 million refurbishment, the property offers 30,715 sq ft (2,853.5 sq m) of multi-let offices with strong reversionary potential—current rents average £91.77 psf, with recent lettings achieving £105.00 psf. The retail element spans 11,163 sq ft (1,037.1 sq m) and is securely let to Marks & Spencer Plc on a 15-year lease with CPI-linked rent reviews (collared at 1% and capped at 3%).
With a WAULT of 6.8 years to lease expiries and a topped-up passing rent of £3,568,730 per annum (£85.22 psf overall), this asset combines long-term income security with exceptional growth prospects. Positioned within reach of six Underground stations, including the Elizabeth Line at Tottenham Court Road, it offers unrivalled connectivity in one of London’s most vibrant districts.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
41,878 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1905/2003
Price
£70,000,000
Price per sq ft
£1,671.52
Yield
5%
NOI
£3,500,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
6,980 sq ft
AMENITIES
- Atrium
- Raised Floor
- EPC - B
- Reception
- Bicycle Storage
- Natural Light
- Shower Facilities
- Air Conditioning
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- CONDITION
- AVAILABLE
The 2nd floor at 5 Southampton Street is coming soon. The unit totals 6,295 square feet.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 6,295 sq ft | Office | Full Fit-Out | 30 Days |
2nd Floor
| Size |
| 6,295 sq ft |
| Space Use |
| Office |
| Condition |
| Full Fit-Out |
| Available |
| 30 Days |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 6,295 sq ft |
| Space Use | Office |
| Condition | Full Fit-Out |
| Available | 30 Days |
The 2nd floor at 5 Southampton Street is coming soon. The unit totals 6,295 square feet.
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CONTACTS
-
Charlie
Van Der Gucht
-
Hele
Griffiths
-
Thurstan
Gutherie-Brown
-
Dominic
Rowe
-
Nick
Steele
-
Harry
Cox
-
Jack
Thorne
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Davidson Building | 3-8 Southampton St
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