Acting on behalf of Emeris Limited, Monk & Partners have secured the sale of an office investment at the established and popular Alder Court scheme at Plympton.
The office is let to Provident Financial Management Services Limited who occupy the premises under a lease at a rental of around £21,500 p.a.x. The sale was agreed at £240,000 which represents a net initial yield of 8.55%.
John Slade of Monk & Partners comments, “This transaction demonstrates that the property investment market is alive and well even for shorter term income streams.
There remains just one office unit within this scheme available which can be acquired either on a lease or to purchase.
Alder Court has proved a very popular mixed use development with just one office unit remaining of 1,860 sq ft”.
All enquiries should be directed to John Slade of Monk & Partners, tel: 01752 255222, or e-mail: firstname.lastname@example.org.