Great Marlborough Street No. 1 Limited acquired the freehold interest in 40 & 41 Great Marlborough Street, London, W1 in June 2015. The company was a joint venture between MRP, the MRP Fund No. 1 LP and third party investors. The building comprises two, of an original terrace of four, Victorian houses situated close to Carnaby, Oxford and Regent Streets, in a prime Soho location.
In December 2015, MRP obtained planning permission for the partial demolition and extension of the building. This created an additional 26% floor area and a change of use of the basement, ground and mezzanine floors to an A1 retail unit of c. 7,500 sq ft. The upper floors remained as offices, totalling c. 7,800 sq ft. Demolition and construction commenced in June 2016 and was completed in November 2017.
The retail and office elements were let and the building was sold to an international investor in late 2017 for an undisclosed sum.
|client||Great Marlborough Street No. 1 Limited|
|location||Great Marlborough Street, Soho, London W1|
|engineer||Heyne Tillett Steel|
|m&e engineer||Couch Perry Wilkes|
|status||Completed, let and sold|