SINGAPORE (EDGEPROP) - A freehold office building at 27 Soho Square, located in Soho, London, is up for sale with a guide price of GBP50 mil ($82 million). The building is being marketed in Singapore by Edmund Tie & Company, via its strategic partnership with Harris Associates, the London-based real estate agency that has been appointed the exclusive marketing agent for the property.

The seven-storey building comes with a basement level and has a total net lettable area of 30,990 sq ft. Originally constructed in 1985, it has undergone refurbishments in the last five years, including the replacement of passenger lifts and the installation of a new all-electric central plant comprising an air source heat pump system and a new air handling unit.

According to Edmund Tie, the property has obtained planning consent to add roof terraces and additional floors, creating an extra gross internal area of around 4,500 sq ft. “The planning consent also enables the change of use to a destination 9,200 sq ft restaurant on the ground and basement levels,” the firm adds in a Mar 15 press release.

27 Soho Square is a two-minute walk away from Tottenham Court Road Station, which is served by the new Elizabeth Line, Central Line, and Northern Line. It is also close to Oxford Street and the West End.

Swee Shou Fern, Edmund Tie’s head of investment advisory, observes that 27 Soho Square’s prime location will appeal to many organisations, given its connectivity and surrounding amenities. “With office workers returning to the workplace, it is timely now for investors looking to expand their office portfolio to the UK,” she adds.

Jonathan Harris, Partner at Harris Associates, says, “We are pleased to present this rare opportunity to investors to acquire 27 Soho Square, a prime Central London freehold office scheme with significant rental uplift and development potential.”