Office Investment Acquisition: York

Private Investment Clients of Fifield Glyn have acquired an Office Investment at 37 Monkgate, York.

The refurbished Grade II Listed office building is let to the Secretary of State for Health on a new 15 year Lease, subject to a Tenant’s only Break at the end of the 10th year at £70,000 p.a.

The purchase price of £880,000 represents a net initial yield of 7.52%.