Allsop, a leading UK property consultancy, has brought a Grade II listed Georgian freehold property in the heart of Bloomsbury’s established medical quarter to market, inviting offers in excess of £7.5 million.
Extending to almost 20,000 sq ft gross area across five floors, 42–43 Queen Square is being offered with full vacant possession and benefits from unimplemented planning for change of use to medical, offering a rare opportunity for occupiers and investors seeking space within central London’s healthcare and life sciences ecosystem.
Originally laid out in the early 1700s, the property has a history as an art college since the 1850s – including, from 1908, as the home of existing owner and occupier The Royal Female School of Art – and now sits within one of the capital’s most concentrated healthcare and academic clusters.
As part of London’s rapidly expanding Knowledge Quarter, leading institutions including Great Ormond Street Hospital, UCLH, the Royal London Hospital for Integrated Medicine and UCL’s Faculty of Brain Sciences are all within immediate proximity, while it is also situated close to Oxford & Pioneer’s Victoria House in Bloomsbury Square and the Francis Crick Institute at King’s Cross.
The property also benefits from excellent connectivity, with Holborn, Russell Square, and Tottenham Court Road Underground stations just a short walk away.
Nick Pemberton, Partner, West End Investment, at Allsop, 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.”