Christo & Co acquires 124 Wigmore Street on behalf of in-house Clients.
The purchase reflects a net initial yield of 5% and a reversionary yield of 7.4% in January 2011 based upon our ERV.
The building comprises a self-contained period office and residential property totalling 4,488ft2 (416.9m2) arranged over basement, ground and four upper floors.
The property has been extensively refurbished to high modern standards in 2000/2001 and provides comfort cooling in part, perimeter/underfloor trunking and central heating. Each floor has excellent levels of natural light and there are W/C?s throughout.