Asset managed in Old Street
Fresson and Tee has recently advised a landlord client with a lease renewal of some characterful, warehouse offices in Wharf Road, N1, a short stroll to Old Street.
A new 5 year lease was agreed to existing tenant, Panasonic UK, part of the giant Japanese electronics conglomerate.
The new lease was signed at a headline grabbing £55 per sq. ft. which provides an annual rent of £109,670 PA.
Fresson and Tee will shortly be selling this property on behalf of its pension fund client at offers in excess of £1,850,000.
Contact either David Shapiro or Jonny Novick if you want information on this investment sale. 020 7391 7100.