The Type Museum’s home in Stockwell, SW9, has been sold to DTZ Investment Management.
It paid Charterhouse £3m for 14,455 sq ft 100 Hackford Road , reflecting a circa sub 4% yield.
Home to some of the world’s best typographic collections, the building is let to the Type Museum at a passing rent of £120,000 pa on a 75-year lease expiring 2075.
Felix Fiennes, head of central London lease advisory at Colliers International, which advised DTZ IM, said: “Hackford Road is currently let off a low rent, and is subject to five-yearly rent reviews to an open market rent and as a consequence has excellent prospects for both rental and capital growth.”
The vendor was not represented.
joanna.bourke@estatesgazette.com
