January 11, 2001
Office Investment Sale
14-15 Berners Street, London W1
Clerical Medical Group have sold their Freehold interest in the above office property for slightly in excess of £8M. The building comprises approximately 1,660 sq m (17,876 sq ft) let to six tenants, currently producing £440,200 per annum. The transaction reflects a net initial yield of 5.20%.
Godfrey Vaughan acted for Clerical Medical. The purchaser was an in-house client of CB Hillier Parker Investors.