Acquisitions |
MERJS recently acquired the following properties:
67-69 Lincolns Inn Fields London WC2 Nov 2008
Representing the Benesco Charitable Trust, MERJS acquired this property for the consideration of £14,625,000.
The investment considerations were as follows: - Core Midtown location benefiting from views over Lincolns Inn Fields and frontages to Kingsway and Remnant Street
- Freehold
- Mixed-use property comprising building society, offices and college providing 30,072 sq ft of accommodation arranged over lower ground, ground and five upper floors
- Multi-let to five tenants on seven leases with leases expiries between 2011 and 2021 producing £1,058,244 per annum.
- Tenants include Britannia Buildings Society, Queen Mary & Westfield College (University of London), Farrer & Co, Positive Solutions (Financial Services) Ltd and London Electricity
For further information please contact Paul Hanison on 020 7079 2492 or email paul.hanison@merjs.co.uk
Valiant House 4-10 Heneage Lane, London EC2 Nov 2008
 Representing the Benesco Charitable Trust, MERJS acquired this property for the consideration of £3,750,000.
The investment considerations were as follows: - Core EC3 location in the heart of the City of London close to Leadenhall Street and the infamous landmark of 30 St Mary's Axe, nicknamed "The Gherkin"
- Long leasehold interest geared to 9.4% of rents receivable
- Modern office building comprising 18,575 sq ft arranged over ground and six upper floors
- Multi-let to eight with leases expiries between 2008 and 2016 producing a net rent of £445,983 per annum
- Tenants include Tokyo Leasing (UK) Plc, Insolvency Practitioners Ltd, Meridian Risk Solutions Ltd
For further information please contact Paul Hanison on 020 7079 2492 or email paul.hanison@merjs.co.uk
108 -122 Parkway Camden Town, London NW1 Nov 2007
 Representing a private purchaser, MERJS jointly acquired this property for the consideration of £2,550,000.
The investment considerations were as follows: - Core Midtown location benefitting from views over Lincolns Inn Fields and frontages to Kingsway and Remnant Street
- Freehold
- Retail and office building comprising 5,855 sq ft arranged over lower ground, ground and three upper floors
- Let to two tenants on leases expiring between 2009 and 2018 producing £120,000 per annum.
- Tenants include Sheppard Robson and a local retailer
For further information please contact Paul Hanison on 020 7079 2492 or email paul.hanison@merjs.co.uk
|
|
