Credit Suisse Asset Management has instructed agents to sell 45 Folgate Street, E1, for more than £25.3m – a net initial yield of 4.78%.
Savills has been appointed to seek offers for the freehold building, which was redeveloped last year to provide around 20,700 sq ft of grade-A office and ancillary accommodation
The property is let to four office tenants at a passing rent of £1.2m per annum, which reflects £59.35 per sq ft overall. The weighted average unexpired lease term is 7.3 years and 6.4 years to breaks.
To send feedback, e-mail Louisa.Clarence-Smith@egi.co.uk or tweet @LouisaClarence or @estatesgazette
