69 Carter Lane, London EC4

City of London Office Investment. Secured upon Stephenson Harwood Limited for a further 3.5 years and subleased to Euromoney Institutional Investor Plc.

• 69 Carter Lane provides a prominent building located on the Western side of the City of London.
• A high quality corner property comprising approximately 28,662 sq ft of VAV air conditioned office accommodation with excellent levels of natural light.
• Held upon a long leasehold interest from The Goldsmiths Company with just over 130 years unexpired at a peppercorn rental.
• Secured for a further 3.5 years upon the excellent covenant of Stephenson Harwood Limited, and subleased in its entirety to Euromoney Insitutional Investor Plc, at a current rent of £1,309,000 per annum (reflecting £45.67 per sq ft overall and £47.85 per sq ft on best space).
• The Vendor is seeking offers in excess of £12,378,000 (Twelve Million, Three Hundred and Seventy Eight Thousand Pounds) subject to contract, for their long leasehold interest, which will provide a net initial yield of 10%, after allowing for purchaser's costs of 5.75%.