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      Who we are/ Our Teams/ Capital Markets/ Completed Transactions/ Clarendon House, Cambridge Deal

      Disposal of rare Cambridge city centre multi let office investment

      Clarendon House, Cambridge

      Client
      LaSalle Investment Management

      Price
      £13.9m

      Net yield
      4.43%

      Sale of city centre freehold Cambridge office building totalling 23,816 sq ft, with an excellent car parking ratio of 1:433 sq ft. Multi let to five tenants on six leases AWULT of 4.31 years and 2.58 years to breaks. Total income £657,924 per annum which equates to an overall rate of £27.63 per sq ft. Potential reversion to in excess of £30 per sq ft overall. Longer term redevelopment optionality.

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