Picton Capital has placed a prime midtown corner block on the market. Farebrother has been instructed to seek offers in excess of £19m for 1 Chancery Lane, WC2, reflecting a yield of 3.59%.
The 15,021 sq ft property comprises six storeys and is fully let to tenants including Itsu, Indexbold and law firm Clarke Wilmott.
It produces £728,623 pa, with an average office rent of £44.52 per sq ft and rent reviews that are due in 2017.
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