Cheshire based developers Osborne House Ltd have sold a Long Leasehold Office Investment at No. 3, Royal Mews, Gadbrook Park, Northwich, Cheshire to a private investment client of Singletons, Manchester.
The property comprises a newly completed office building of 195m2 (2,100 sq.ft.) let to Ingenico Fortronic Ltd. for a term of 15 years from August 1999, subject to a tenant’s break at the end of the 10th year.
The sale price of £290,000 represents a net initial yield of 8.84%.
Osborne House were represented by Fifield Glyn.