12 August 2014
On behalf of the Barwood Property Investment Fund, Barwood Capital has sold the freehold of Walton Lodge to F&C REIT for £4.25m equating to 7.75% Net Initial Yield.
Walton lodge is a 6 unit terraced office building extending to 13,900 sq ft, fully let to 6 tenants. Since acquisition in September 2010, Barwood has undertaken various refurbishments, lettings and regear of leases to deliver a current rent of £348,000 per annum.
Colliers International acted for Barwood in the sale.