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      Sale of Long Let Town Centre Office Investment

      Ipswich Capture.PNG

      Princes Street Properties Limited


      Deal date
      June 2022

      Investment sale of town centre office, single let to Curtis Banks Plc for an effective 11 years term certain.

      35,312 sq ft office building single let to Suffolk Life Pensions Ltd (with a guarantee from Curtis Banks Plc) on a new 10 year lease with an effective 11 years term certain.

      Passing rent of £459,000 per annum reflecting a low £13.69 psf.

      The property has an EPC rating of C68.

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