Press Release

THE CROWN ESTATE TO SELL UNIQUE HARLEY STREET INVESTMENT OPPORTUNITY

6 February 2010

The Crown Estate is bringing to market an exclusive opportunity to purchase a continuous terrace of properties on Harley Street in the fashionable London district of Marylebone.

On the market for the first time in over 470 years, the freehold block comprising 8,800 m² (94,721 ft²) of medical and residential accommodation is spread across fourteen terraced properties and mews properties to the rear.

James Cooksey, Head of Central London and Diversification at The Crown Estate said: “We are bringing to market the opportunity to own this historic continuous terrace of properties in this prestigious part of London’s West End. The purchaser will be able to explore the property’s considerable potential for increased investment performance, including refurbishment and redevelopment.”

Tenants include business occupiers predominantly within the medical profession, for which Harley Street enjoys a worldwide reputation for excellence. The portfolio generates an initial annual income of £1,200,000.

126-154 Harley Street is located at the north end of Harley Street towards the junction with Marylebone Road.  To the rear is Park Crescent Mews West, which forms part of this unique portfolio and acts as the southern gateway to London’s historic Regent’s Park.

The Crown Estate is seeking offers in excess of £25,000,000.

Further Information

Inspections of the block are strictly by appointment only. To arrange a viewing, or for any further information on the sale, please contact: