AcquisitionLondon
14-15 Craven Street, WC2
Acquisition of 14-15 Craven Street, London
The freehold interest in 14-15 Craven Street, London, WC2, has been acquired by Hanson Industrial Pension Scheme Trustees Limited, c/o Aviva Investors from clients of CBRE Investors.
The purchase price of £3,400,000 represented a net initial yield of 5.62% and capital value of £556 per sq ft.
The property is situated just off Strand and is immediately adjacent to Charing Cross Station, and totals approximately 6,114 sq ft (568 sq m) of office accommodation which is let in its entirety to Kidd Rapinet Solicitors for a term expiring June 2012 at a rent equating to £33.00 per sq ft overall.
