33 Grosvenor Place
We raised the funds from UHNW investors in the Gulf.
We sold the property after 18 months holding period at £210 million.
We realized 175% ROE for the shareholders in 18 months.
High specified Grade A office building in excellent condition.
Total rentable area of 198,520 sq ft on lower ground to fifth floors.
A substantial atrium with mezzanine and basement storage.
Typical office floors of 23,261 sq ft to 30,371 sqft.
Three entrances on Grosvenor Place, Chester Street and Wilton Street.
Single full repairing and insuring lease of approx. 11.5 years.
Gross rent of £10,363,525 per annum at £57.50 psf on prime space.
The entire property tenant is Amerada Hess Limited.
Amerada Hess is one of worldwide suppliers of oil and natural gas.
Tenant has sub-let a section of the building to Merrill Lynch.
Merrill Lynch has the sole use of the 33 Chester street entrance.
London, UK
SW1X 7HY
Single-tenant steady income-producing of quality West End office building (single 134.5 years unexpired lease) with long unexpired occupational financially sound tenant.