The only way is not Essex

The freehold investment of 10 Essex Street has been sold for £7 million to a private investor showing a net initial yield of 4.0%.

The 7,343 sq ft office building which is close to the Royal Courts of Justice on the Strand, is let to Romie Tager QC T/A Selborne Chambers for a further 3.5 years at a rent of £300,000 pa which equates to £41 psf.

Hanover Green acted for the private client on the sale.

 

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