Office

Cresta House, 125-133 Finchley Road, London 

 

Date: Q2 2015

Acting on behalf of Patrizia and Oaktree Capital Management we advised on the sale of this central London mixed use investment to a private investor.

The investment comprises three self-contained ground floor A1/A2 units, two floors of offices and thirty eight residential flats (sold off long leasehold). The commercial element is Let to London Overground Rail Operations Limited, Barclays Bank Plc and GH Cranfields LLP with an AWULT of 3.97 years to lease expiry (2.18 years to breaks). Total combined rental income is £677,193 p.a.

The quoting price was £11.1m, reflecting a net initial yield of 5.77%.

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk

Tony Burling

Tel: 020 7493 3330
Mob: 07860 555 769
tburling@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk


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