Helix, on behalf of Brabazon Property Investments Limited, has sold the freehold interest in Endeaver House in Langford Business Park, Kidlington, Oxfordshire to Standard Life Investment Property Holdings Limited for £4.755 million, reflecting a net initial yield of 8.25%.
The high-quality office building totals 23,414 sq ft (2,175 sq m) with 70 car parking spaces and is let to Bio-Rad AbD Serotec Limited on a 15-year lease from 2006, providing an annual rental income of £415,000.
Fineman Ross advised Helix and Standard Life Investments was advised by Whitmarsh Holt Young.
