Substantial Baker Street acquisition for private client

Cluttons acting on behalf of an overseas private client has acquired the freehold interest in 96-98 Baker Street comprising a cinema, a retail unit and offices above and 14 Sherlock Mews comprising two flats and two garages for £9.15m, reflecting a net initial yield of 5.25%.

How we helped

Having identified the opportunity, we guided the client through the entire investment purchase process.

  • We inspected the building on numerous occasions, measured it and undertook the full due diligence required.
  • We provided in-depth analysis on the maximum pricing for the asset and advised on its asset management and development potential.
  • We secured the building for the client against Central London’s strong competition.
  • We liaised with other specialist advisers and solicitors to successfully complete the transaction.

The outcome

  • The investor is now enjoying exposure to Central London property.
  • The client has a very attractive holding with various asset management opportunities.
  • The investor is benefiting from a high diversity of income from within the building.
  • The investor was very pleased with the service Cluttons provided and has asked our Property Management Team to manage the building.
Contact

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Jamie McCombe

Partner (investment management)

T +44 (0) 20 7647 7234

Contact

If you do not wish to receive further communications from us, please email [email protected] More details on how to opt out can be seen in our Privacy Policy.

Matthew Peake

Partner – head of commercial and strategic asset management

T +44 (0) 20 7647 7067