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LONDON-Arlo (UK) has sold the freehold investment interest in three adjoining office buildings in Wilmslow, Cheshire, to Quorum Estates for £4.8 million ($7 million), reflecting a net initial yield of 8.16%.

The buildings, known as Baron’s Court, Bank Chambers and 1-3 Swan Street, provide a total of 27,600 sf multi-let office accommodation with a small proportion of ground floor retail.The current rent roll is £381,500 ($557,257) pa and Arlo offered a 12-month rental guarantee for the vacant 1 Swan Street.

This acquisition adds to Quorum Estates property holdings in the Wilmslow area, which include Cypress House and Chadsworth House. FPDSavills advised Arlo.

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