Capita Real Estate instructed on King’s Cross redevelopment opportunity

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14 March 2016

Capita Real Estate has been instructed to sell the freehold interest in York House, 207-221 Pentonville Road, N1 on behalf of a private overseas investor.

York House is located a short walk from King’s Cross and St Pancras International Stations on the south side of Pentonville Road, at the junction with Lorenzo Street.
 
The property was originally occupied by NatWest Bank but more recently was the headquarters of Age UK. The charity’s lease expired approximately three years ago and there has been ongoing interest in a potential sale since.
 
The existing building measures c42,000sq ft. Capita has been instructed to seek offers in excess of £32m or £765psf on the existing area. 

Ben Nichols, associate director, Capita Real Estate, said: “York House is an exceptional development opportunity which offers the chance to invest in arguably London’s best connected and most dynamic sub-market. We expect a wide range of interest from both domestic and overseas investors, developers and owner occupiers. We are promoting a straight sale but our client is also open to an asset swap should a potential buyer be in a position to trade.’’
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York House is an exceptional development opportunity which offers the chance to invest in arguably London’s best connected and most dynamic sub-market. We expect a wide range of interest from both domestic and overseas investors, developers and owner occupiers. We are promoting a straight sale but our client is also open to an asset swap should a potential buyer be in a position to trade
Ben Nichols
Associate Director

Capita Real Estate

PR Contacts
For press enquiries please contact:

Capita Press Office
020 7654 2399
Contact Capita Press Office