The acquisition of a freehold office building at No. 85 Great Eastern Street, for £6.225m, a net initial yield of 5.6%. The building, which was refurbished to a high standard in 2008, is situated on the south side of Great Eastern Street, adjacent to the Hoxton Hotel, in an area which is seeing increasing demand from the technology, media and telecommunications sectors.
The area has a unique mix of bars, clubs and restaurants, including Shoreditch House and The Rivington Grill.
The building is well served by local transportation networks including Liverpool Street Station (Central, Circle & Metropolitan lines and mainline services)Old Street Station (Northern line and WAGN) Buses (numerous routes serving London Bridge, Waterloo and The West End).
Boultbee’s first investments were in this area and while we have expanded our horizons considerably in the intervening years, we are very pleased to be finding value on our doorstep once again.