Transformed gross annual rent from £60,000 short term risky income into £460,000 income from quality covenants on leases made attractive to the investment market.
Building restored from near total dilapidation into a sought after office building combining period elegance with a modern specification.
We sold the property at the height of the market, before the property crash at a net yield of 4.9%.
Thames Bank acquired and then sympathetically restored this long leasehold Grade II listed office building in close liaison with The Grosvenor Estate. We actively managed the building and fully let it to quality tenants. An element of the building, previously ancillary to the offices, lay empty and derelict. We transformed this shell into high-end residential accommodation, with independent access from Grosvenor Crescent Mews.