Hanover Green advise Mactaggart family on sale of Holborn Hall

Mactaggart Family & Partners (MF&P) has sold Holborn Hall, 193-197 High Holborn, to a private investor for £21.95million reflecting a net initial yield of 4.88% and capital value of £835 per sq ft.

The Grade II listed building was formerly Holborn Town Hall and comprises 26,280 sq ft of office and restaurant accommodation.

It generates a passing rent of £1,144,000 a year and is multi-let to occupiers including Mavens Ltd, Sonder Europe and the new Paculla Annia restaurant, Gezellig.