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Brunswick Property Holdings take Multi Let Investment at Abbotsgate House

Mar 19, 2015

Acting on behalf of Receivers, Barker Storey Matthews Bury St Edmunds office has sold a multi let office investment at Abbotsgate House to Brunswick Property Holdings Ltd.

Abbotsgate House

The property, totalling some 24,127 sq ft, has a high profile tenant make up including Baker Tilly, The Royal College of Nursing and Norfolk Community Health and Care NHS Trust, producing a collective income of £289,221 per annum.

The property received significant interest whilst it was on the market, with the sale resulting from the receipt of best and final offers. The final agreed purchase price equated to a net initial yield of 14.9%

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