FOCAL POINT, LEATHERHEAD
ACRE Capital Real Estate acting on behalf of Mole Valley District Council have advised on the investment acquisition of Focal Point, Leatherhead. The town centre office park comprises of 2 HQ office buildings totalling 22,500 sq ft. The property is let to Toshiba and Cisilion for 7.5 years term certain at a low average passing rent of 23.10 per sq ft.
This is a strategic acquisition for Mole Valley District Council who are both investing in their town and generating rental income for the District. The property transacted at c. 8.00m which reflects a 6.10% Net Initial Yield and capital value of 357 per sq ft.
Location: Focal Point, Leatherhead
Property Type: Office
Transaction Type: Acquisition
Client: Mole Valley District Council