1 Phoenix Place

Office News

Acting on behalf of Mutley Properties (Holdings) Limited, FHP have sold 1 Phoenix Place for the sum of £1,500,000 as an incoming producing investment.

The property is let to Avant Homes on the residue of a ten year lease expiring June 2025 with a Tenant break clause in June 2020.

The sale price reflects a net initial yield of 8%.

 

ENDS

 

John Proctor

Date:  17^th July 2017

 

Tel: 0115 9507577

Email: johnp@fhp.co.uk

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