A property company has snapped up the home of two law firms and a financial services business for £7 million.

Martins Properties has bought the three-storey 16 South Park office block in Sevenoaks from Milton Group, with a net initial rental yield of 5.6%.

The 20,199 sq ft site is home to legal firms Rix & Kay Solicitors and Warners Law, plus financial services company Densitron Technologies.

Property director Richard Bourne said: “Its location close to the M25 and London with excellent train links make it a strong regional office location.

“There is a shortage of supply and strong demand, therefore we expect rents to increase.”

Martins chief executive Tom Martin said the business is looking for investment opportunities across the south between £5m to £10 million.