Summary - 51, TOTTENHAM COURT ROAD W1T 2EQ
1 bed 1 bath Retail Property (high street)
Freehold mixed-use asset with planning consent and clear residential upside in Fitzrovia.
Prime Tottenham Court Road freehold with retail, offices and residential accommodation
Excellent transport links: Goodge Street, Tottenham Court Road and Oxford Circus nearby
Planning consent granted to convert No.52 offices into three apartments and terrace
Four existing two-bedroom flats at No.51 in good condition, income-generating
Current passing rent £266,500 (subject to new lease on No.51); highly reversionary
Vacant upper offices require works to realise conversion and rental uplift
Small plot size and urban site — limited external expansion potential
Area records very high crime; may increase management and insurance costs
This prime freehold on Tottenham Court Road offers a high-profile mixed-use asset in Fitzrovia, benefiting from exceptional transport links and strong footfall. The property comprises active retail on lower levels, four lettable two-bedroom flats in good condition at No.51, and vacant upper offices at No.52 with consented residential conversion to three apartments and a communal terrace. Total area approximately 6,828 sq ft; the current passing rent of £266,500 is considered highly reversionary.
The site presents clear asset-management and development upside: implement the existing planning consent to unlock residential income, refurbish and reconfigure retail frontage for higher street rents, or pursue alternative residential reversion strategies. The building is offered freehold, giving full control over future programming and capital works.
Buyers should note material considerations plainly: the offices at No.52 are currently vacant and require conversion works to realise residential value. The property occupies a small urban plot and sits within an area reporting very high crime rates, which may affect insurance costs, tenant profiles and management overheads. The current income is subject to the new lease at No.51 being signed.
Well-suited to investor or developer buyers seeking central London redevelopment and rental uplift, this holding combines immediate retail income with permitted planning upside and residential conversion potential in a busy West End location.
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