TPC Acquires Mixed-Use Property On Wellington Street In London For £76.5M
SOLD
$6,500,000
Connecticut
See Similar DealsMixed-use100,000 SF
Sold 09/10/2020
SOLD
TPC Acquires Mixed-Use Property On Wellington Street In London For £76.5M
Wellington St, West End, London, Uk
See Similar DealsMixed-use100,000 SF
Sold 09/10/2020
Summary
CONNECTICUT
Asset Type:Mixed-use
Price Per Square Foot:$65
Total Square Footage:100,000 SF
Transaction Type:Sale
The mixed-use property located at Wellington Street in London has been sold for a total of £76,500,000. With a total area of 100,000 square feet, the price per square foot comes to £765.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: £76,500,000
- Address: Wellington Street, London
- Market: London
- Seller: Capital & Counties Properties PLC (Capco) – Ian Hawksworth
- Buyer: TPC – Naomi Heaton, LCP & APG – Robert-Jan Foortse
The seller of the property is Capital & Counties Properties PLC (Capco), represented by Ian Hawksworth. On the buying side, the transaction involved TPC, represented by Naomi Heaton, along with LCP and APG, represented by Robert-Jan Foortse.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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