Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-The Hermes Property Unit Trust has sold the freehold of Salisbury House and Sutton House, two multi-let office buildings at Weyside Park, Godalming, Surrey, to Aberdeen Property Asset Managers. The purchase price of £5.27 million ($7.7 million) reflects an initial yield of 9%.

Weyside Park was started by Heron Hi-Tech in the late 1980s but the two properties form the second phase, constructed in the mid 1990s. Salisbury House provides 12,525 sf on two floors and Sutton House 13,157 sf on three floors. The properties are let to The Scotts Company, Norwich Union Life & Pensions, Vosper Thorneycroft and Careers Management producing a total current income of £500,660 ($731,000) per annum, equating to £19.50 ($28.50) per sf overall.

The sale was handled by Lambert Smith Hampton. Hamptons International Commercial acted for Aberdeen Property Asset Managers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.