Sold
Alfred Wilson House, Centralofts, 1 Waterloo Square, Newcastle Upon Tyne, Tyne and Wear
North East
dba181
Office£1,800,000
Tenure: Leasehold
Tenancy: Single Let
Investment summary
•Purchase price of £1,800,000.
•Net initial yield of 5.25%.
•Annual fixed uplifts of 2.5% compound.
•Long Leasehold, 172 years unexpired.
•A new 15 year lease to the Government (break in 10 years).
•Total net internal area of 507.9 sq m (5,467 sq ft).
•Newly constructed office unit.