Purchased for fund manager clients in a sale and leaseback for £880,000, reflecting an initial yield of 10.74%.
The vendors, Metalrax Group plc, took a 15 year lease at £100,000 pa with annual RPI uplifts.
February 2011
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Two office buildings at Crosspoint Business Park providing a total of 35,600 sq ft purchased for Loxton Developments Limited for £2.95m. Fletcher House is let to Power On until Feb 2030 and Fletcher House is let to Coventry Building Society until Feb 2025. April 2024
