London Investment Properties Track Record
94 New Bond Street, W1
June 1, 2023
AREA
8,633 sq ft
TRANSACTION DATE
June 2023
TENURE
Virtual Freehold
TENANCY
Vacant
RENT
N/A
WAULT
N/A
PRICING
£32.5 million / £3,765 per sq ft
VENDOR
Private
PURCHASER
Private overseas
DESCRIPTION
CBRE advised a private Spanish family office on the disposal of their virtual freehold interest. The family own a wedding dress retail business called Pronovias, which formerly occupied the building. At the time of sale, Pronovias had vacated and East India Co. were in occupation on a temp basis.
The asset was purchased by a new entrant from Tokyo, Japan, who will occupy the space as a retail premises for their coffee brand, with HQ offices above.
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