De Villiers have recently disposed of fitted office space on 3rd Floor at 1 Albemarle Street, Mayfair, London by way of an under lease on behalf of our client, European Oil Company, the existing Tenant. In a market where rental growth had stabilised, De Villiers successfully found a suitable tenant to sub-let the whole space, which extends to approximately 2,124 sq ft, at the passing rent of £185,850 per annum (£87.50/sq ft).
“De Villiers provided us with a comprehensive and tailored service throughout the deal communicating excellently with all parties involved. Being a time sensitive matter, De Villiers did their utmost to expedite the disposal process and managed our expectations very well. On top of their agency advice and insight they also ensured that our business rates liability was removed while the space was vacant which had a positive impact on cash flow.”
RK, Head of Legal.