Standard Life has put 20 King Street, SW1, up for sale for £47m – a 3.83% yield.
Savills has been appointed to sell the John Nash-designed Grade II listed property, which includes 22,450 sq ft of offices, gallery space at 21 King Street and 6,154 sq ft of shops in the adjoining Crown Passage.
The office is let to GAM Asset Management, which is looking to consolidate its London presence and currently has a requirement of around 60,000 sq ft.
The asset is held on a long lease from the Crown Estate with 119 years until expiry.
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