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| 138-140 Wapping High Street, London E1 |
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CBGA, acting on behalf of Galliard Homes, have acquired the Freehold interest in this London office investment at a price of £7.45 million. The net initial yield is 7.1%. The purchase price reflects a capital value of £196 per sq ft.
The property is let to IBM UK Limited on a FRI lease expiring in April 2018 subject to a mutual break in April 2011. The passing rental is £560,000 per annum. The building comprises a total area of 37,969 sq ft. the office accommodation is laid out over regular 'l'shaped floor plates, all of which benefit from views across the river Thames.
Should you require any additional information, please contact:
Richard Starr
CBGA
34 Dover Street
London
W1S 4NG
Tel: 020 7495 6838
Fax: 020 7495 3056
e–mail: rstarr@cbga.co.uk
Website: www.cbga.co.uk
CBGA are one of the leading niche firms of investment surveyors based in Central London specialising in the sales and acquisitions of commercial investment properties.
The website is designed to provide an insight into the activities of the company, together with providing information on recent transactions and current sales. |
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