TDB Real Estate has been instructed by a private client on the investment sale of Leo House, Ross Road, Northampton, NN5 5AX.
Leo House is let to Dynamic Office Seating Ltd who have been in occupation for the past 13 years. Dynamic have never missed a rental payment, including throughout the coronavirus pandemic. The rent of £272,500 pa was agreed at review in August 2020. The lease benefits from approximately 5.75 years unexpired with one further rent review in August 2022.
The unit is available at a quoting price of £3,400,000 reflecting a Net Initial Yield of 7.53% assuming normal purchaser’s costs.
For further details on this investment contact one of the following: Mark Brown (email@example.com), Oliver Thompson (firstname.lastname@example.org) or Jack Brown (email@example.com) or call the office on 01604 604020.