Gorse Lane Partnership, advised by Curchod & Co, has sold the investment of a 6,447 sq ft office property at St Stephens House, Farnham in Surrey for £1,500,000, to ARK Properties.
The sale of the self-contained three-storey, town centre office, which is let to three separate tenants, reflects a yield of 7.1%.
Nick Reeve, Partner of Curchod & Co LLP, said: ” Despite the pandemic, the market’s appetite for investments such as St Stephens House remains strong. Curchod & Co was asked to quietly offer the premises to a small handful of investors, and we were quickly able to generate a number of bids, resulting in the successful sale to Ark Properties.”
ARK Properties Ltd was unrepresented.