Royal London has sold a collection of 4 buildings known as the Golden Quadrant Portfolio just south of Golden Square in Soho.
The properties comprise 3 Lower James Street, 1-2 Lower James Street & 62 Brewer Street, 56 Brewer Street and Bridle House, 35-36 Bridle Lane & 54 Brewer Street.
The properties are multi let and currently produce an income of £444,945 pa. The properties were sold for a combined price of £7 million representing a 6.0% net initial yield and a capital value of £556 psf on the net area of 13,306 sq ft.
Tenants included Cafe Nero, William Hill, Flight Centre and Iron Maiden’s management company.
Further details can be found on www.goldenquadrant.co.uk
Hanover Green acted for Royal London on the sale.