Savills News

Rare Berkeley Square office opportunity primed for sale

International real estate advisor Savills has been appointed to sell 34 Berkeley Square for an undisclosed sum, the first office building to be marketed on Berkeley Square in Mayfair for a decade.

The self-contained headquarters building comprises 4,255 sq ft of high quality corporate accommodation over lower ground, ground and four upper floors, accessed via a lift and grand spiral staircase, making it well suited to either single or multiple occupancy.

34 Berkeley Square was constructed in 1880 in an attractive Queen Anne-style, with a grand entrance hall and terracotta dressings and balustrading. It has commanding views over Berkeley Square and benefits from a rare unrestrictive headlease provision permitting residential use, subject to planning permission. The virtual freehold interest has 131 years unexpired at a peppercorn ground rent and the property will be sold with full vacant possession upon completion.

James Purdon, Director in Savills Central London Investment team, comments: “It has been 10 years since an office building was marketed on Berkeley Square and we are anticipating an accordingly strong response from an international audience, particularly given this asset’s quality and suitability to owner occupation.”

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