Knight Frank Capital Markets team has completed the freehold sale of Vanbrugh and Jellicoe House, Botleigh Grange Business Park, Southampton on behalf of Aberdeen Asset Management for a purchase price of £9 million, to Northwood, reflecting a net initial yield of 9.02%.
The two multi let buildings comprise a total of 53,512 sq ft of office accommodation, off a passing rent of £858,795 per annum, and weighted term certain of approximately two years.
Knight Frank acted for Aberdeen Asset Management. Hughes Ellard acted for Northwood.
