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November 2016

2 Barnsdale Court, Barnsdale Way, Grove Park, Leicester, LE19 1SN

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sold

The property is located on Grove Park, the premier office and business park in the East Midlands.  The property comprises a modern two story office building built in 2005 and extending to 2,106 sq.ft.  The property is let to My Home Move Ltd for a term of 5 years with effect from 7 October 2016.  The lease is held on FRI terms and the current passing rent is £33,600 per annum (£15.95 per sq.ft).  Offers sought in excess of £490,000 which reflects a net initial yield of 6.55%, assuming costs of purchase of 4.74%.

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