News - 19/01/2022

LSH completes £22.5m offices sale in Soho and Fitzrovia

We have completed the sale of two rare freehold office investments located in Soho and Fitzrovia on behalf of a private family trust.

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We have completed the sale of two rare freehold office investments located in Soho and Fitzrovia on behalf of a private family trust. The properties were acquired by a private property company for £22.549m. This is the first time in over 40 years that these properties have changed ownership.

Soho FItzrovia offices

Charlie Lake, Director – Office Advisory & Capital Markets at LSH, commented: 

“We are delighted to have acted on behalf of the Trust in achieving a strong level of demand for the two fully let assets, which is testament to the asset management undertaken in recent years by the Trust and LSH. The price achieved reflects a blended net initial yield of 4.5%, reflecting the strong competition the buyer fought off to secure both assets.”

We advised the vendor – a private family trust and HSM advised the purchaser. 

Charlotte Mews Soho Fitzrovia

 

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