Tottenham office investment sold for £7m within four days of entering market

An office building in Tottenham has been sold in a multi-million pound deal four days after coming onto the market.

640-656 High Road Tottenham, which comprises 19,992 sq ft of office accommodation across three storeys, has been acquired by an unnamed UK investor, with property specialist Allsop acting on behalf of seller Courtenay Investments.

Built in 1973, the building is currently a Job Centre and is entirely let to The Secretary of State for Housing, Communities and Local Government.

Alex Butler, partner of national investment at Allsop, commented: “Despite the current challenging market conditions, we received an overwhelming response for this asset.

“Not only did the property go under offer and exchange in just four days, it sold significantly above the asking price.

“The sale demonstrates there is still appetite in the market for strong performing assets with secure income and how Allsop’s Hybrid approach can provide a certainty of sale for our clients.”

Richard Osband, director at Courtenay Investments, added: “The sale achieved an excellent price and in just days of the property going to market.”