The freehold to an 18th-century retail and residential building in Mayfair, W1, has been put up for sale, with Goldenberg Real Estate appointed to seek offers exceeding £19m.
The property, at 47 Albemarle Street, generates a commercial income of £240,500 from the ground-floor and basement levels. It is registered to a family-owned vehicle called Dover Street Investments, according to Land Registry filings.
The 7,940 sq ft building has five floors of residential accommodation arranged as three flats, including two duplexes, all of which are sold with vacant possession.
The ground floor is occupied by art group Blue Rider UK, which signed for a 10-year lease from 5 December 2022. The lease has a tenant break in December 2027.
The basement comprises a kitchen occupied by 8-10 Dover Street, trading as Latin American-themed restaurant MNKY HSE.
8-10 Dover Street previously signed for a 15-year lease on the basement level, beginning 31 October 2014.
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