INDUSTRY NEWS

Regent Street offices put on the market

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Real estate fund manager, F&C REIT Asset Management, has put one its London office buildings on the market, according to an article published by CoStar UK.

Located at 5-11 Regent Street, Charles House features 36,847 sq ft of office space. It also features 7,070 sq ft of retail space on the property’s ground and lower floors.

Fronted by a Grade II-listed facade, Charles House has been valued at £37 million.

The building is currently occupied by nine tenants, including stationery and office supplies retailer, Rymans. The head rent paid at Charles House currently stands at £232,625 per year; the net rent recouped by the building is currently £2,268,303.

Charles House’s location is expected to make it an extremely desirable option. Lloyds TSB, Apple and Matrix Group are amongst some of the many high-profile firms based on Regent Street.

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

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