32 Sackville Street, Mayfair
London, W1S
Cyril Leonard advised a private property company on the purchase of this prime Mayfair freehold office building in January 2016 for a price of £14.25m equating to circa £2,036 per sq ft. The property is let in its entirety to Hillpark Ltd, an accountancy firm, until November 2023 at a low passing rent of £350,000 p.a. / £49.98 per sq ft and is suitable for owner occupation or change of use once the tenant vacates. We sold the freehold interest for £18m equating to circa £2,500 psf in April 2016 after receiving an off-market approach from an overseas investor.
| Location: | London |
| Type: |
Office
|
| Value: | £14.25m and £18m |
| Service(s): |
Acquisitions & Disposals
|
Similar Case Studies
One Palace Green, Kensington Palace Gardens, London W8
London W8 4QA
| Size: | 17,000 sq ft |
| Value: | £45,000,000 |
Prestigious St James’s Square Office Purchased for New Embassy
London SW1Y 4JR
| Size: | 8,364 sq ft |
| Value: | £14,200,000 |
