Sampson Moore have advised property company clients on the purchase of Pentagon House, Derby for a sum of £1,775,000. The property is a high quality office building comprising 31,826 sq ft. It is let in part to Chubb, Infomill and Chemring Europe, with over half of the space currently vacant. The purchase price reflects £55 per sq ft, and will show a yield of circa 16% when fully let. The purchaser intends to refurbish the ground floor immediately and carry out an active marketing campaign to secure lettings for the vacant space.
September 2011
