A deal worth in the region of Â£15.9 million has been struck for the sale of London office space.
Private family trust, ArbelÂ Holdings Limited has agreed a deal to purchase the property located at 95 Aldwych, London WC2 from Grantland Limited.
Falling under the recently re-branded district of Midtown, the building is located in an area that is gaining in popularity with businesses seeking office space.
Comprising 30,394 sq ft of office and retail space – of a grade A standard – the building is also positioned close to Covent Garden; the building’s upper floors have also undergone a recent refurbishment.
Generating a potential income of Â£1,039,734 per year (providing Â£35.47 per sq ft when broken down), the AldwychÂ property is currently let out to a number of companies – including RandstadÂ CPE Limited, PeacheyÂ & Co LLP and Holmen Paper Limited, with the ground floor retail section and part of the lower office section let out to the Post Office.
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