Competitive bidding has resulted in the sale of the above freehold
property for £2.51 million reflecting an initial yield of approximately
Mellersh & Harding acted for the
Trust vendor of this self-contained modern office building in the centre of St
Comprising 7,163 sq ft, the
property was let to HSBC Bank PLC at a rent of £135,750 per annum exclusive
reflecting £18.95 per sq ft. The lease
ran to 2025 with a tenant’s only break in 2020.
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