Princes Court, York Road, Leicester
Price: £3,750,000 - Initial Yield:7.30%
Date: Q1 2012
Acting on behalf of a Private Syndicate we advised on the sale of this freehold office investment to Greenridge for £3.75m, reflecting a net initial yield of 7.30%.
The property comprises an office building with courtyard car parking built in early 1990’s totalling 23,178 sq ft. Let to The Secretary of State for the Environment for a further 14 years at a passing rent of £290,000 p.a. The occupier is the Crown Prosecution Service (CPS).
Contact
Jeff Ellis
Tel:
020 7493 3330
Mob:
07775 582 719
jellis@lewisellis.co.uk
