Egan Property Asset Management have sold 44-46 Sekforde Street, EC1 on behalf of private clients. The property sold in May 2015 in excess of the £6m asking price. There was a planning consent in place for an additional floor of 900 sq ft to be added to the existing 6,618 sq ft of office accommodation over LG, G and 3 upper floors.

Egan Property Asset Management sold 17-18 Hayward’s Place, EC1 on behalf of private clients for £8.5m reflecting a net initial yield of 3.98% in November 2014. We purchased the property in October 2008 for £2.7m and subsequently agreed a lease surrender with the long leaseholder to become the competent landlord to the subtenants. We refurbished the property for £500k, re geared leases with existing tenants or re let, obtained planning consent for a penthouse apartment, agreed a reciprocal rights of light agreement and purchased a right of way of the neighbouring land. We achieved record rents on the refurbished offices.

Egan Property Asset Management sold 1 Old Park Lane on behalf of private clients.

Egan Property Asset Management sold 1 Old Park Lane on behalf of private clients for £3.5m reflecting a net initial yield of 2.8% in November 2013. We purchased the property in July 2010 for £2.76m subsequently completed a lease regear and rent review with the tenant, The Hard Rock Cafe.