Lewis & Partners acted on behalf of a private client in the off market transaction of 25 Chart Street. The office is located two minutes walk north of Old Street Station and is single let to Vodafone for a further 8 years with numerous longer term asset management / development opportunities. Pricing reflected £7.3M and 6.75% NIY.
Lewis & Partners have advised a private client on the disposal of Polygon House, Clapham. The well located asset is multi let to four tenants on short leases and has the benefit of planning for an additional floor. The achieved price was £3M and 5.18% NIY
Lewis and Partners purchased this freehold office investment for a private client, with the intention of carrying out permitted development at the end of the current lease. The property is single let until 2025, providing 20,000 sq ft, over three storeys, with 78 parking spaces.
Being located in the town centre and very close to the station, the property offers residential redevelopment potential.
Sold on behalf of London Square - Well located brand new self-contained ground floor office let to Instant Managed Offices Ltd for a term of 5 years from 16th April 2021, income of £662,665 per annum, virtual freehold (999 years) at a peppercorn.
Sold on behalf of Galliard Homes to a private high net worth investor.
The property is multi-let producing a current income of £1,086,415pa.
The site was originally developed by Galliard as residential surrounding the T-Shape office building in the centre of the site. The T-building is let to tenants including Friends of the Earth and Spitfire. Subsequently, the vacant offices within the T-building were converted to residential under permitted development.
Lewis & Partners acted on behalf of AEW Europe in the acquisition of Harbour Island, Docklands, London E14, from Threadneedle Pension Fund. The mixed use property was multi let to numerous office and retail tenants and the pricing reflected £19m and 9% NIY.
Lewis & Partners were delighted to introduce Blue Coast Capital to Jansons Property to enable them to jointly purchase this vacant office site, sitting on 8.1 acres and previously the UK headquarters of Dell. The site is excellently located with great access to M3 & M4.
Blue Coast and Jansons are committed to developing the site out in partnership, for industrial use.
Acquisition of East Grinstead House on Behalf of Galliard Homes. Purchased form Columbia Threadneedle and comprising approximately 127,000 sq ft of offices benefiting form 334 car spaces. Freehold multi let on eight leases producing £1.1m pa with potential alternative use to residential via permitted development.