Singapore Warehouse Company has bought Marcol’s 3-7 Herbal Hill, EC1, for £24.9m – a net initial yield of 4.15%.
The 32,935 sq ft office in Clerkenwell is fully let to Guardian News and Media on a lease expiring in June 2019.
The offices, which bring in an annual passing rent of £1.1m, are sublet to media company Seven.
Michael Elliot acted for Marcol; the buyer was unrepresented.
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