Prudential has sold its long leasehold interest in Northside House, Bromley, South London, to Boultbee Land for £8.28m.
The 53,037 sq ft (4,927 sq m) office block produces a net income of £725,000 pa and the sale reflects a net initial yield of 8.3%.
The six-storey building is let to a variety of tenants including the Post Office, Norwich Union, HSBC and Marks & Spencer.
Legat Corbishley and Knight Frank acted for the Prudential; Michael Elliott acted for Boultbee Land.
EGi News 09/05/02
