Thorpe Road, Norwich Deal
Sale of freehold multi let office investment
Client
Citygate Developments
Price
£3m
Net yield
9.44%
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25,326 sq ft multi let office let to six tenants providing a total income of £301,447 per annum (£11.90per sq ft overall) with an AWULT of 5.12 years and 2.53 years to break. Tenants include Mott Macdonald and Certas Energy. Medium term potential for residential conversion and extension.
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