37 Floral Street, WC2 acquired for over £4.5 m

Acting on behalf of a private client, the freehold of 37 Floral Street, WC2 has been acquired. The private vendor put the property on the market in March guiding a price in excess of £4.5 million reflecting a NIY of about 3.0 % based on the current income of £150,000 pa. The prominent corner building is fully let to Radley Retail and Exploration Capital and is on the north side of Floral Street in Covent Garden where significant new developments are nearing completion this year.

Hanover Green acted for the buyer.