Key Information
Location
Middlesborough
Planning Status
Office - B1
Price
3150000.00
Description
Investment Building Acquired
Contact
Overview
This exciting city centre investment deal consisted of a 36,000 square foot building, let to HMRC and the Home Office with 10 years remaining on the lease and a 5-year break option.
By working closely with both the vendor and the instructed sole selling agent, Cushman & Wakefield, GLPG procured the acquisition on behalf of a retained, Hong Kong based investor, providing them with a gross yield of 12% per annum.