Hermes sells 19-year leasehold for £1.8m

hermes has sold the long leasehold of 18 South Molton Street, W1, for £1.8m. The deal, with a private Channel Islands-based investor, represented a 5.96% net initial yield. The mixed retail and office unit is let to Warwick Limited –trading as Dune – with 19 years unexpired.CB Hillier Parker acted ...

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