DisposalLondon
Boston House, Richmond
Disposal of Boston House, Little Green, Richmond, Surrey
A private overseas client of Nightingale Partners has sold the freehold interest in Boston House, Little Green, Richmond, Surrey to Essex County Council (c/o Aviva Investors).
The property was developed in the 1980's and is arranged over basement, ground and three upper floors. The property extends to a net internal area of approximately 16,028 sq ft (1,489 sq m) and is let to Lloyds TSB Commercial Finance Ltd, Minesoft Ltd and GCS Compliance Services Ltd.
The purchase price of £5,610,000 reflected a net initial yield of 6.45% and a capital value of £350 per sq ft on the net internal area.
Nightingale Partners represented the vendor.
