Mellersh & Harding Website - June 25, 2010
A London commercial property has been placed on the market by a private investor just months after it was purchased in a bid to capitalise on the improving conditions.
Number 5 Strand, close to Trafalgar Square, bought last summer for £44 million, is up for sale for £53 million, according to Property Week, which states the vendor is 'flipping' it.
The building is fully let to Land Securities, which is using it as its headquarters, as well as Boots, which recently signed a new lease for a current retail outlet.
Foreign investors have been moving in on the capital in recent months thanks to the exchange rate and potential returns promised by the West End office and City of London prime assets.
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