Hurford Salvi Carr announces the sale of a 18,351 sq. ft freehold, mixed-use investment, Tagwright House, 35-41 Westland Place, London N1.
Tagwright House, located just a short distance from London’s Silicon Roundabout, consists of 14 apartments, let on AST’s (unbroken) and offers highly reversionary commercial income and underground car parking. Tagwright House generates a total yearly income of £457,176 (excludes car parking).
Hurford Salvi Carr acted for private clients, and was sold to an overseas investor for an undisclosed sum.
Daniel Lachs, Director of the Investment Division at Hurford Salvi Carr said, “Hurford Salvi Carr is seeing a significant increase in investment opportunities in this City Road area of London. We set out to target buyers as an off market transaction guiding for offers in excess of £12 million. Such was the strength of demand that the property quickly sold in a matter of weeks. ”
This sale comes within weeks of the opening of Hurford Salvi Carr’s office in City Road at the end of last year”.
Contact Hurford Salvi Carr on 020 7566 9444