A Grade II listed Georgian freehold property in the heart of Bloomsbury’s medical quarter has been put up for sale for £7.5m+.
The building at 42-43 Queen Square, which provides circa 20,000 sq ft across five floors, is being offered with full vacant possession and benefits from unimplemented planning for change of use to medical.
The property, which was built in the early 1700s, was used as an art college since the 1850s, including, from 1908, as the home of existing owner and occupier The Royal Female School of Art.
Nick Pemberton, partner, West End investment, at Allsop, which has been appointed to market the opportunity, said: “Freehold corner buildings in London’s garden squares do not come to the market very often. This building has amazing natural light and high ceilings throughout as you would expect. It was originally endowed to our clients, the RFSA, in 1908, while the square in which it sits has long been associated with the medical profession, with King George III believed to have sought medical treatment there in the 1760s.
“Positioned in the heart of London’s Knowledge Quarter and surrounded by globally recognised healthcare and research institutions, 42–43 Queen Square is ideally suited to a range of medical and life sciences occupiers, although with existing educational use and potential for offices or residential, it will attract a wide range of interest.”
