Transaction:
Sale of single let office investment
Price: £1.95m
Net Initial Yield: 7.66%
Success Story
TDB advised on the sale of this single-let prestige office investment in Market Harborough, Leicestershire on behalf of a private client.
The headquarter style office comprises a three storey detached building of approx 12,000 sq ft let to Joules Ltd.
The premises were let at £158,000pa on a 15 year lease with 5 year reviews.
The property was acquired by a private property company based in Derbyshire at a price of £1.95m reflecting an initial yield of 7.66%.
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