Telephone: 0207 935 2831
Acquisition:
Pinnacle House, Wimbledon
In August 2018 Clay Street acquired this prime Grade A London office on behalf of private clients.
- Located in the affluent South West London town of Wimbledon, 150 metres from Wimbledon train station.
- Freehold.
- Fully-let to a strong covenant, Kindred (London) Limited, with a parent plc, Kindred Group plc acting as Surety.
- Secure, long income with an unexpired term of 14.1 years (9.1 years to break).
- 43,542 sq ft NIA over Ground and 1st – 7th Floors.
- Passing rent of £2,362,122 per annum.
The asset was acquired from Aviva Investors (advised by CBRE) for £40,250,000 relfecting a Net Intial Yield of 5.50%.