Mitre House, 223-237 Borough High Street, London SE1


Price: £25,000,000 - Initial Yield:4.82%

Date: Q3 2018

Acting on behalf of Knight Frank Investment Management we advised on the corporate purchase, which holds the freehold interest in Mitre House, for £25.00m, reflecting a net initial yield of 4.82%. 

The property comprises 31,576 sq ft modern office and retail property, arranged over basement, ground and four upper floors. The office accommodation is single let to the undoubted covenant of The Secretary of State for Communities & Local Government until September 2022 (4.6 years unexpired term). Highly reversionary passing rent of £1,226,750.05 p.a, reflecting a low overall average of £38.85 psf, which compares favourably to prime South Bank rents of £65.00 psf. 


James Elkington

Tel: 020 7493 3330
Mob: 07810722459

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299

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