The property was acquired with vacant possession and refurbished to a high standard including a new lift, air conditioning, ceilings and lighting, wc’s and redecorated throughout. A new 150 year lease was negotiated from the Worshipful Company of Tallow Chandlers at 10% of the net income.

6 Dowgate Hill has been let to 4 office tenants and a dental practice with a weighted unexpired term of 9.9 years to lease expiries and 6.8 years to lease breaks at an office rent of around £70 per sq ft.

The property was sold for £16,850,000, a net initial yield of sub 5.00%