Kirkgate, Church Street, Epsom

The freehold interest of The Kirkgate, Epsom has been acquired by Aviva Investors (on behalf of their recently launched Aviva Investors UK Real Estate Recovery Fund II) from a Private Client of Nightingale Partners.

The property comprises a modern town centre air conditioned office building providing a net internal area of approximately 26,713 sq ft (2,482 sq m). The property is let entirely to Taylor Nelson Sofres plc, a subsidiary of WPP.

The purchase price of £5,250,000 reflected a net initial yield of 10.00% and a capital value of £196 per sq ft on the net internal area.

Nightingale Partners represented the vendor.