Marldon has appointed advisors Savills and Colliers to market the freehold of No 2 Suffolk Lane in The City of London, and the freehold of 66 Turnmill Street in Farringdon, for guide prices of £17 mln and £11 mln respectively.
No 2 Suffolk Lane is 16,822 ft2 and is arranged over basement, lower ground, ground and three upper floors and comprises 27 high quality serviced apartments , as well as a separate vacant fitted wine bar. The apartments are fully furnished and the wine bar has been designed to offer a traditional City bar and casual dining experience.
66 Turnmill Street totals 13,614 ft2 and comprises 14 studio serviced apartments, three office units and one retail unit.
Alex Sturgess, director, Hotel Capital Markets, Savills, commented: 'We are pleased to have been appointed to sell these properties on behalf of Marldon alongside Colliers. Both of these properties have profound investment fundamentals given their specification and location. No 2 Suffolk Lane and 66 Turnmill Street are high yielding assets and we don’t expect them to be around for long.'
Colin Hall, director at Colliers, added: 'City C1 serviced apartment buildings rarely enter the market and these are two particularly good examples with each having the opportunity of significant additional income.'
