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Email: Phone: 0207 486 5777
Email: Phone: 0207 486 5777

Red Kite Successfully Completes Another Purchase from M7

Red Kite on behalf of a property company has purchased Capitol Court a highly spec’d office building just off J37 of M1.

The property comprises 30,500 psf with a rent roll of £310,000 p.a.

Tenants include Yorkshire Finance and Kelda who have a contract with the MOD.

Leases have a WAULT of 6 years.

The property was purchased for the sum of £2.9m which reflects a 10% NIY.

The purchaser was represented in the transaction by Lewis & Partners M7 was represented internally.