Frontier Estates, Old Queen Street SW1
37-41 Old Queen Street, London SW1
Frontier Estates
The 1,408 sq m (15,157 sq ft) office investment was purchased for £ 7 million in Summer 2008, when fully let, but with short leases and break options. This porovided the flexibility to either convert to residential, refurbish and relet on attractive terms as offices, or sell to an owner occupier.
An onward sale was a achieved to an owner occupier, in an unrefurbished condition, at a price above target return The sale completes in Summer 2009 after vacant possession is attained.