Acting on behalf of a private investor, Mellersh & Harding have successfully concluded the sale of the town centre medical investment in 4 Downing Street, Farnham, Surrey. Comprising 5,755 sq ft arranged over ground, first and second floors, the entire property was let to the Downing Street Group Practice on a lease until July 2023.
The passing rent of £115,720 per annum exclusive reflects £20 per sq ft. Following strong competition, the purchaser completed at a price of £1,840,000 reflecting a net initial yield close to 6%.
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