GrRusSt FC

London – 50/51 Great Russell Street

March 2023
GrRusSt FC
  • Rare Central London freehold investment
  • Price: Circa £4,500,000
  • Net Initial Yield: Circa 4.70%

Marking another great investment deal completed, we’re pleased to have sold the freehold interest of 50/51 Great Russell Street in London’s Midtown to an overseas private investor for c.£4.5m on behalf of our client Kennedy Wilson.

Prominently located opposite the British Museum – one of the UK’s most visited tourist attractions – the retail element of this property is fully let to Starbucks and Souvenirs & Gifts, with the upper floors comprising residential apartments, which have been sold off on long leases.

“We were delighted to have been involved in the sale of this extremely rare Central London asset,” says FMX Urban Property Advisers’ partner James Mead. “This follows a number of sales on behalf of Kennedy Wilson recently, including sales in Edinburgh, Bury St Edmunds and St Albans. The marketing process drew out a number of interested parties, showing significant demand for high-quality assets within Central London.”

Thanks go to Kieran Cotter who advised the purchaser.

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