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Wimbledon offices investment sold for £5.3 Million

A 1,765 sq m (19,000 sq ft) office building, 1-4 Francis Grove, Wimbledon, London, has been sold by Boltro Properties Ltd, an investment subsidiary of St Modwen Properties PLC, to PMB Pension Fund for £5.3 million.

The building is let to the Valuation Office and Holmes Products UK Ltd, on leases terminable within five years producing an annual rental income of £429,000.

Boltro Properties was represented by Hodnett Martin Smith and Gerald Eve acted for the purchasers.For further information contact Gary Morris of St Modwen on 020 7499 5666. Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).