14-15 Craven Street, WC2
Disposal of Two Townhouses, Off Strand, London
The freehold interest of 14-15 Craven Street, London, WC2N 5AD has been acquired by Hadley Property Group & Landcap from a client of Aviva Investors.
The property comprises an office building situated immediately south of Strand and Charing Cross National Rail station. It is Grade II listed and arranged over basement, ground and four upper floors, providing a net internal area of approximately 6,114 sq ft (568 sq m) and was offered with vacant possession.
Following the purchase of the asset in January 2010 for £3,400,000, Aviva Investors secured vacant possession of the property, and prior to marketing obtained a planning consent for conversion of the property to two houses.
The purchase price of £5,087,500 reflected a capital value of £832 per sq ft on the net internal area.
Nightingale Partners represented Aviva Investors.
