Staple Inn buildings, WC1 one of Midtown’s most historic estates has been sold by the Marcol Group for £20m, a sub-6% yield.
The 43,000 sq ft estate dating back to 1290 and facing Chancery Lane Tube station was sold to a private UK client of Mellersh & Harding.
Shops make up 11% of the complex, with the rest used as offices.
Marcol acquired the 0.8-acre site in 2003 through its takeover of Compco Holdings, which had bought it in 2001 from Prudential.
The insurer bought it at auction in 1886 for £68,000.
Farebrother and Michael Elliott advised Marcol.
References: EGi News 08/08/05
