Martin’s offloads four assets for £20.3m

Martin's Properties Verney House

Investment and development company Martin’s Properties has sold four properties for a combined total of £20.3m.

The bulk of the proceeds came from the sale of Verney House, a multi-let office on Fulham Road, west London, for £13.85m to a private investor. The 15,215 sq ft office was sold at a net initial yield of 3.85%. It provides an average unexpired lease term of 6.5 years, with just under a quarter of the income from Tesco.

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