INDUSTRY NEWS

Office space located in London’s Midtown district sold for £15.9m

A deal worth in the region of £15.9 million has been struck for the sale of London office space.

Private family trust, Arbel 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 £1,039,734 per year (providing £35.47 per sq ft when broken down), the Aldwych property is currently let out to a number of companies – including Randstad CPE Limited, Peachey & 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.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office space