Watson House, London Road, Reigate
Price: £19,700,000 - Initial Yield:7.20%
Date: Q4 2011
Acting on behalf of M&G Real Estate we advised on the acquisition of this freehold office investment from Aberdeen Asset Management for £19.7m, reflecting a net initial yield of 7.20%.
The property comprises a highly prominent headquarters office building arranged over 3 levels in two wings (Blocks A & B) situated either side of a central core providing a total net internal floor area of 74,269 sq ft. Let to Towers Watson Ltd for a further 9.75 years at a passing rent of £1.5m p.a.
Contact
Jeff Ellis
Tel:
020 7493 3330
Mob:
07775 582 719
jellis@lewisellis.co.uk
