On behalf of Cheshire County Council, Rockspring Property Investment Managers have purchased the long leasehold interest of 154/162 Tottenham Court Road and 33/37 University Street, London W1 from Convoy Limited for £19.7m.
The building comprises approximately 22,000 sq ft of ground floor and basement accommodation let to Bo Concept, HSBC, Kamps Bakery, The Japanese Canteen together with the iconic Spearmint Rhino Nightclub.
Katie McDermott of Rockspring commented that: "This is a very exciting opportunity from all the inward investment from Camden Council, Crossrail at the southern end and mirrored at the northern end on the Euston Road.
"University College Hospital will start on the adjoining site next year to build a new 400,000 sq ft Cancer Treatment Facility together with retail fronting Tottenham Court Road".
Kitchen La Frenais Morgan acted for the purchasers.
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