Office

46-54 High Street, Sutton 

 

Price: £2,890,000 - Initial Yield:10.50%

Date: Q3 2012

Acting on behalf of Aberdeen Asset Management we advised on the sale of this high yielding Greater London investment to a Private Investor for £2.89m, reflecting a net initial yield of 10.5%.

The property comprises a highly prominent corner office and retail block constructed in the mid 1980’s totalling 21,248 sq ft. Majority of the income is derived from the offices which are let for a further 10.25 years to the Sutton Housing Partnership Ltd, guaranteed by the Mayor and Burgess of the London Borough of Sutton. There is potential for future residential use, subject to obtaining the appropriate consents. 

Contact

Jeff Ellis

Tel: 020 7493 3330
Mob: 07775 582 719
jellis@lewisellis.co.uk

James Caddick

Tel: 020 7493 3330
Mob: 07771 882 860
jcaddick@lewisellis.co.uk


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