Office

Airwaves, Bailey Road, iQuarter, Rugby CV23 0PD

 

Price: £11,150,000 - Initial Yield:6.50%

Date: Q4 2018

Acting on behalf of TH Real Estate we advised on the sale of this freehold office investment to Corum Asset Management for £11.15m, reflecting a net initial yield of 6.50%.

The property comprises a two storey office building totalling 39,648 sq ft, on a self-contained site of 2.55 acres. Let to Airwaves Solutions Ltd for a further 14.7 years at a current passing rent of £675,000 pa, with a fixed rental uplift to £802,375 in 2020.

Contact

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299
jgallagher@lewisellis.co.uk


Terms & Conditions | Privacy Policy
Web Design by Creativeworld