RREEF, advised by Strutt & Parker, has sold the freehold interest of 96-97 Jermyn Street, London, W1, to private Irish investors for £6.54 million, reflecting a net initial yield of 3.85%.

The mixed use property provides 7,150 sq ft of retail and office accommodation and generates a reversionary rent of £264,625 per annum. The property is predominantly let to specialist suit tailor and menswear retailer, Harvie & Hudson, on a lease expiring in 2024. The remainder of accommodation is let to office occupiers MB Solutions, Sapiance Capital Ltd, Quaglianos Restaurant Ltd and Pall Mall Money Ltd on short terms leases expiring at different times over the next 5 years.

Colliers Jackson-Stops advised the Purchaser.

ENDS