Altum acquires Kingston officesNovember 2017
Altum Capital has acquired Clarendon House, an office building located in Kingston upon Thames, south west London. The building comprises 33,847 sq ft. of office accommodation and was purchased for £9.5 million, reflecting £281 per sq ft.
Clarendon House is a six storey office building let to Travel Republic on a 10 year lease from June 2017, at a rent of £645,000 pa. The building sits on a 0.33 acre site and has good future redevelopment potential.
The property is located on London Road, between Kingston and Norbiton railway stations, just east of Kingston upon Thames town centre.
Scott Nicol, Co-Founder and Managing Partner at Altum Capital, commented:
“We continue to explore the Greater London area for similar opportunities which offer medium term secure income, low capital values, and have significant potential for future redevelopment.”
This acquisition marks Altum’s third acquisition within the Greater London markets, as they continue to grow scale in the space.
Altum Capital was advised by Nightingale Partners.
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