_Incredibly rare opportunity to buy a freehold mixed-use house in Neal's Yard, Covent Garden

Brought to market through Knight Frank Auctions is a unique and incredibly rare opportunity to purchase a freehold building in Neal's Yard in the heart of Covent Garden. Sitting in an eclectic central London alley lined with other Neal's Yard wellness enterprises, this is a beautiful, brightly coloured mixed-used building that is a piece of London's social history. Sustained and nurtured by the spirit of passion, creativity and entrepreneurship in its leafy oasis it represents one man's extraordinary vision of a health and wellbeing empire founded on a better way of doing business. It would suit new owners with a strong vision who appreciate the building's special roots and the diversity on offer.

May 26, 2021

Through Knight Frank Auctions is a one-of-a-kind opportunity to purchase a much loved and instantly recognisable Covent Garden freehold building tenanted by Neal's Yard Remedies and other wellbeing-focused businesses, and the last privately owned freehold building in Neal's Yard.

A 1980's emporium for ethically sourced alternative therapies, this special nook of Covent Garden has given the area personality and purpose, serving as a go-to destination and popular meeting place for generations.

Founded by Nicholas Saunders - spirited activist, visionary entrepreneur and proponent of alternative lifestyles - in the late 70's from a run down former fruit and vegetable storage warehouse, it served as a base for his wholefoods shop before he expanded further into Neal's Yard to seed other businesses including Monmouth coffee, Neal's Yard Dairy, the 'Apothecary' ( now Neal's Yard Remedies) and many therapy rooms. Collectively they form the pretty enclave dedicated to health and wellbeing, easily one of the most photographed corners of the West End.

Sadly, Nicholas Saunders died suddenly in 1998, but his widow and Neal's Yard custodian still lives in the incredible duplex penthouse apartment that he designed and built in number 14-15. It boasts a proper roof garden with mature trees, a real lawn, a greenhouse and one of the best views across the West End.

The freehold mid-terrace building is arranged over basement, ground and four upper floors to provide a mixture of commercial spaces together with self-contained residential accommodation all put together in an eclectic style inspired by global travels. The opportunities here for diversification are huge and would suit new owners with a strong vision to preserve and enhance Neal's Yard and the special place that it is.

The commercial space is fully let with vacant possession of the residential element. A full schedule of leases is available upon request. The building fronts a unique space perfect for outdoor eating set back from the wider hustle and bustle of Covent Garden.

For more information please get in touch with Richard Watson +44 20 7861 5141.