Acting on behalf of a private UK family, Clifton Agency are delighted to report the sale of 140-142 Regent’s Park Road in Primrose Hill.
At the point of sale the mixed use property was fully let to Joe & The Juice, Bens Groceries and 6 residential tenants.
Held freehold on two separate titles, the investment offered a commercial WAULT of 3.3 years with strong rental growth prospects.
The rare unbroken nature of the sale in one of London’s most affluent neighbourhoods, resulted in significant competing interest for the asset.
After best bids were called, the preferred purchaser paid £6,517,500 (3.69% NIY) for our client's interest in the UK SPV where both assets were held.
Ben Simpson commented:
“After a competitive tender process, we were delighted to fight off some of the larger national agencies to secure this notable instruction. Despite the current political and economic turmoil, our hands on and innovative approach to marketing was able to secure our client’s a fantastic result ahead of the guide price."
Jim Remfry commented:
“We are well versed in both asset and corporate transactions and it was particularly pleasing on this occasion to execute a corporate sale of the UK SPV which unlocked significant tax benefits for our client."
If we can assist with your own Greater London portfolio, then please get in touch with the sales team at Clifton Agency where we would be delighted to help.
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