There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say.

The following summary and attached photograph have been passed to me in relation to the above investment.

Summary:

·         Iconic building, redeveloped approx 7 years ago to provide high class offices and some retail on this well-known Square.

·         Gross floor area of over 400,000 sq ft

·         Total rental passing of c. £11.75m per annum (reflecting between £35 to £52.50 psf)

·         30% Government let until 2023 and other tenants include Michael Page Recruitment and the Sports Council

·         Pricing will be £170m.

·         NIY of 6.75%

Should this be of interest, please confirm and I will request further details.