Freehold Investment Purchased- Vanguard House Yeoford Way Matford Park Exeter

Private clients of Turner Locker Barnfield have purchased the freehold interest in Vanguard House, an office building completed in 2004 on Matford Park Exeter. The offices are let to BDW Trading LTD trading as Barratt and David Wilson Homes for a term of 10 years from December 2002 at a rent of £110,000 per annum. A price of £1,515,000 was paid reflecting a net initial yield of 6.9% JLL’s Bristol office acted for the vendor.