April 3, 2014
Leading real estate investor and advisory company, Lumina Real Estate Capital (LREC)has sold the freehold investment of the mixed use building at 18-30 Clerkenwell Road, London EC1, to Henderson Global Investors.
The 28,688 sq ft property comprises a showroom over lower ground, ground and first floor with 12 residential flats above. A sale price of £6.1 million was achieved.
The 12,554 sq ft, showroom is let to Vitra Limited at a rent of £240,000 a year on a lease which expires in May 2014 while the apartments have been sold on 125 ground leases.
Bidwells advised Lumina Real Estate Capital. BNP Paribas Real Estate represented the purchaser.
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