Catella Property Consultant - Industrial Sale - London WC2, 65/67 Monmouth Street

Date: 23 Apr 2001

Catella, acting on behalf of private overseas clients has sold the freehold of St Martin's House, 65/67 Monmouth Street, Covent Garden, London WC2 to unnamed overseas purchasers for £8 million reflecting a net initial yield of 7.25%.

The 6-storey self-contained and air-conditioned building totals 1,347 sq m (14,500 sq ft) and includes a fashion retail unit on the ground floor. The offices on the remaining floors are let to Biss Lancaster on a lease expiring in 2014. The total annual rental income is £614,880.

The purchaser was not represented.

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