19-20 Noel Street, London W1

A freehold single let office building situated in the heart of the London West End market providing c.9,000 sq ft of office space across lower ground, ground and six upper floors.

At acquisition, the property was in a state of disrepair as a result of a poor maintenance regime employed by the subtenant. Projected business plan of repositioning the asset was commenced through instigation of mid-lease repairs and issuing of an interim schedule of dilapidations to the tenant and subtenant. As per the initial business plan, this allowed negotiations to commence regarding lease regear.

During lease negotiations, unsolicited offers were received for the property. The asset was subsequently sold in Q1 2013.