Search
 

Asda Property Makes West End Office Acquisition

LONDON-Asda Property Holdings has bought the 20,787 sf St Margarets House, 19-23 Wells Street, London W1.

By Graham Parker | Updated on May 02, 2001

LONDON-Asda Property Holdings has bought the 20,787 sf St Margarets House, 19-23 Wells Street, London W1. It paid £6.1 million to buy out the the single asset company that held the 122-year leasehold interest in the Grade II listed building.

The building is currently let to Computer Film Holdings on a lease expiring in 2012 at £11.93 per sf gross, producing a net rental income of £218,000 per annum,with the next rent review due at the end of 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.