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.