13-14 BUCKINGHAM GATE LONDON SW1 - Capita Symonds

OCCUPATIONAL MARKET
We highlight the following recent transactions on Buckingham Gate and in the immediate area:
Date Property Tenant Floor Area
Sq ft
Rent
(£ per sq ft)
Apr-13 123 Victoria Street John Lewis Partnership Pt 3 & Pt 4 35,000 £55.00
Mar-13 5-8 The Sanctuary Lese Investments LLP 4th 2,024 £40.00
Mar-13 85 Buckingham Gate Development Intelligence Ground 1,131 £50.00
Jan-13 80 Victoria Street Instant Offices Pt 4 14,800 £64.00
Jan-13 123 Victoria Street CPA Pt 3 & Pt 4 12,600 £59.00
Dec-12 19-20 Grosvenor Place Henley & Partners 1st 3,400 £40.00
Nov-12 85 Buckingham Gate Williams Lea UK Ltd 2nd 2,186 £55.00
Sep-12 85 Buckingham Gate Marlin Capital 3rd 1,468 £61.00
May-12 5-8 The Sanctuary Cluff Natural Resources 3rd 2,237 £40.00
INVESTMENT MARKET
Recent comparable multi-let office investment transactions are summarised below:
Date Building Tenure Sale Price Yield Capital Value
£ per sq ft
Comments
Apr 2013 18 Buckingham Gate, SW1 Freehold U/O c. £9.75m c. 4.50% £750 Lease expiries between June 2013 and Oct 2017. Under offer.
Apr 2013 Buckingham Court, 75-83 Buckingham Gate, SW1 Freehold Q. £10,000,000 5.15% £623 Lease expiries between Apr 2013 and Feb 2032. Includes a retail element. Under offer.
Apr 2013 25-28 Buckingham Gate, SW1 Freehold £22,000,000 1.85% £768 Part vacant. Short term lease expiries.
Mar 2013 19 Buckingham Gate, SW1 Freehold £6,800,000 3.98% £918 Single let to June 2017. Part sub-let.
Feb 2013 Ames House, 6-7 Duke of York Street, SW1 Freehold £20,100,000 3.95% £745 Part vacant with rent topped up. Lease expiries between Mar 2016 and
Dec 2020. Includes a residential element.
Jan 2013 2 Queen Anne’s Gate, SW1 Freehold £13,200,000 5.87% £750 Lease expiries between June 2013 and Dec 2020.
Dec 2012 The Peak, Wilton Road, SW1 Freehold £113,000,000 4.94% £1,153 AWULT to lease expiry of 11.7 years. Includes a retail element.
Oct 2012 11-12 Buckingham Gate, SW1 Freehold £10,750,000 4.70% £847 One vacant floor and lease expiries between Nov 2013 and Nov 2015.
Jun 2012 6 Duke Street, SW1 Freehold £39,350,000 4.54% £1,230 Lease expiries between Dec 2012 and Mar 2019. Includes a retail element.
Jun 2012 Willow House, 17-23 Willow Place, SW1 Freehold £4,900,000 4.80% £703 Lease expiries during 2014.
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