Acuitus and Fineman Ross are advising on the sale of a substantial asset in London’s Midtown.
New Penderel House is a 37,219 sq ft corner building fronting the south side of High Holborn and is arranged over basement, ground and eight upper floors. At street level, there is a Wetherspoons public house and the asset produces current annual income of £1,449,657. Offers in excess of £27.5m are being sought for the investment.
Acuitus Director, John Mehtab, comments: “With tremendous transport connectivity and superb local amenities, the property presents various asset management opportunities, including lease renewals, refurbishment of the reception and office space, and potential massing, terracing, and alternative use options, subject to planning.
“There is also an existing planning permission for the addition of a further floor to the building”.
Full details of the property can be downloaded here
