The freehold M25 office development was acquired on Clarendon Road, Redhill, Surrey, in a good position in the town’s core office area. The development includes 14,961 sq ft of open plan offices arranged over ground, first and second floors plus a secure undercroft car park with 33 spaces.
Purchased for £3,450,000. 10.4 % initial net yield. Let to Abby Business Centres until April 2015 at a current rent of £24.50 per square foot.