Craigard Investments has sold its 30,000 sq ft Eagle Point office building in Hampshire to Threadneedle Property Investments.
Threadneedle paid just over £4.6m for the Segensworth asset, reflecting a net initial yield of just over 7%. The yield will rise to 9% in 2017 when all stepped rents become payable.
The sale comes shortly after the property became fully let.
Lambert Smith Hampton acted for Craigard; Whitmarsh Holt Young advised Threadneedle.
joanna.bourke@estatesgazette.com
