The chrome portfolio - NAMA Wine Lake

29 Charles Street,Mayfair, W1J 5DTsavills.co.ukProperty 1Investment Considerations• Freehold• Prime Mayfair location• Important office/residential location• Potential to convert to residential(subject to planning)• Producing £114,600 per annumLocationLocated in the heart of the West End, the area benefits from excellent transport links being close to Green ParkUnderground Station.The property is located on the south side of Charles Street between Chesterfield Street and Queen Street, north ofCurzon Street, in a prestigious office and residential area.DescriptionThe property is a Grade II listed former townhouse comprising 5 storeys above basement level.The property has dual usage with basement through to the second floor serving as office space and third and fourthfloors providing ancillary residential space.There is potential to revert the building back to a single dwelling house subject to the necessary consents.TenureFreehold.Tenancy InformationThe pertinent tenancy details are as follows:-TenantLeaseStart DateLeaseExpiryRentReviewDateCurrentGross Rent(£pa)Current Rent(£psf)ERV(£pa)Stella Advisors UK Ltd 01-Mar-10 28-Feb-15 - £63,798 £84.50 £63,800Stella Advisors UK Ltd 01-Nov-10 28-Feb-15 - £34,485 £55.09 £34,500GHUK - - - £0 - £16,300TOTAL £98,283 £114,600