INVESTMENT SALE - 16 TOFT GREEN, YORK
AWS completed in February 2007 the sale of an attractive office building comprising ground and 3 upper floors located in Toft Green, York.Completion Date: 28/02/2007
The offices which were finished to a high specification including full accessed raised flooring and air conditioning throughout, were let on a 15 year lease from May 2002 to Corus Rail Consultancy Limited, assigned to Scott Wilson Railways Ltd.The passing rental of £108,964 per annum broke back to a rate of £14.90 per sq ft inclusive of 4 car parking spaces at the front of the building.
A sale was achieved at the asking price of £1,700,000 showing the purchaser a net initial yield of 6% after the deduction of usual purchase costs of 5.75%.