18 Park Street, London

18 Park Street
London, W1

Acting on behalf of an overseas investor in 2005 we purchased a long lease on this vacant Mayfair town house from Cadbury Schweppes Pension Trust for £3,250,000. The building’s previous occupier Time Magazine had long since vacated. After carrying out a structural survey and providing our recommendations Cyril Leonard were appointed to oversee an upgrade of its seven office floors, overhaul the 8 person lift and install a modern air conditioning system.

The building was subsequently let to a mining company who vacated in 2019 and led to Cyril Leonard being instructed by the vendor to market this self-contained office building having approx 103 years with vacant possession. The enhanced condition of the property and improved market conditions led to a sale at a price approaching £8m.

Location: London
Type:
Office
Service(s):
Acquisition
Property Management

Similar Case Studies

Golden Square 36 - North Side (2)

M&C Saatchi Plc, London

W1F 9EE

Size:
Value:
ABTA, 30 Park Street, London

ABTA, 30 Park Street, London

SE1 9EQ

Size:
Value:
Accurist House, Baker Street

Accurist House, Baker Street

W1U 7AL

Size:
Value:

Our News

View all
Claygate

Claygate Distribution Centre, Marden

Claygate Distribution has completed a sale and leaseback of its distribution centre in Marden in...

ABTA, Newman Street – Sale

Cyril Leonard was pleased to advise ABTA, the association of travel agents and tour operators,...