The 13,379-sf office building is let to marketing guru Sir Tim Bell's Chime Communications at £600,000 ($930,000) per annum on a 20-year lease expiring in 2019.
Ian McBryde, Director of Commercial Property for FISPAM said: "This Mayfair holding provided a long term income stream in prime office location with good covenant – but with central London office investments becoming increasingly attractive to the private debt-driven market this deal represents an excellent disposal opportunity."
FISPAM represented itself and acted on behalf of Friends Provident Life Assurance while Michael Elliott acted for Strategic Real Estate Advisors.
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