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Mayfair Capital fund sells Savills' Chelsea office

Mayfair Capital Investment Management, the UK real estate investment manager, said its MC Property Growth Fund No. 2 has sold the property housing Savills’ Chelsea office to a private investor.
CoStar News
January 26, 2016 | 7:11 P.M.

MC Property Growth Fund No. 2 has sold the long leasehold of the property at 196-200 Fulham Road, London SW10, for £2.7m, which reflects a net initial yield of 4.38%. The property is let to Savills until February 2022 at a rent of £125,000 a year, subject to an upward-only rent review in February 2017 and a tenant-only break in February 2017.

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News | Mayfair Capital fund sells Savills' Chelsea office