9 Herbal Hill, London EC1 – Investment Sale
Daniel Watney were instructed to sell this mixed use asset ‘off market’. The building had been in the same ownership for over 20 years and comprised of 18,055 sq ft of commercial accommodation, 31 flats sold off on long leases, 30 flats on ASTs, 1 porters flat and 35 car parking spaces. The asset produced a total rent roll of £1,145,360 per annum exclusive.
Our Role
Utilising our extensive investor contact base, Daniel Watney quietly marketed this opportunity to a selective group of potential investors with known requirements that broadly matched the offering at 9 Herbal Hill.
We carried out a number of discreet inspections and carried out a ‘best bids’ process
Result
Daniel Watney capital market advisory negotiated a final purchase price of £30,000,000 to sell this asset to Newmark Properties LLP, an investment partnership dating back to 1995 with in excess of £100,000 under ownership. The sale price reflects a net initial yield of _._%
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