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Pyramid House, Midtown, London sold - 5.5%

wantspacegotspace.co.uk - Pyramid House, Midtown, London sold - 5.5%Harmsworth Pooled Property Unit Trust, advised by Fineman Ross, has sold the freehold of Pyramid House, 252 Gray’s Inn Road, London WC1 to Talon Estates for £3.2 million reflecting a

net initial yield of 5.5% and a capital value of £411 per sq ft.

The 7,785 sq ft (723.3 sq m) office building which dates from 1876 is single let to the Office for Public Management Ltd (OPM) until September 2023 subject to a mutual break in September

2018.
Capital Real Estate Partners advised the purchaser.

Posted by The Editor (wantspacegotspace) on 7th October 2013

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