M&G has put mixed-use property 247 Tottenham Court Road, W1, up for sale for around £90m.
It is understood Knight Frank has been instructed to look for a buyer for the 73,600 sq ft property, which is a mixture of retail, offices and residential, with vacant possession obtainable in September next year.
The freehold site, just a short distance from Tottenham Court Road station, has a passing rent of £3.6m and is a prime redevelopment opportunity.
It was acquired by Prudential Assurance Company in 1998 for £23.5m from the Peninsular and Oriental Steam Navigation Company, according to Radius Data Exchange.
Current occupiers include Pret a Manger, Caffè Nero and Flying Tiger at ground level and financial advisers Timothy James & Partners, teacher recruitment and training firm Protocol Education, small business finance firm Iwoca and marketing consultant E-Dialog.
Earlier this month M&G also put the long leasehold at 20 Churchill Place in Canary Wharf, E14, up for sale for around £300m.
M&G declined to comment.
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