The Anglo-Omani Society has bought the freehold to 34-35 Sackville Street in London for just over £9 million.
Built as residential property in 1732, the pair of Grade II listed Mayfair buildings was extensively renovated to be used as premium office space and was previously owned by Aviva Investors. With a total internal area of 10,700 square feet, the sale represents a value of around £846 per square foot.
Around 11 percent of the building is tenanted, with the remaining office space currently vacant.
Aviva asset manager Oliver Facer-Harrison commented that the sale represented some return of confidence to the Mayfair property market. “Compared to just a few months ago when demand for freehold investments was subdued, we received a very healthy level of interest for this property in a short space of time.”
The Anglo-Omani Society is a private company and charity set up to further links between the two countries.