58 Cygnet Court, Timothy’s Bridge Road, Stratford upon Avon, CV37 9NW
Acting on behalf of Stratford upon Avon Commercial Development Partnership, Franck-Steier Price Ltd (FSP) has recently concluded the sale of a single let office investment at Cygnet Court, Stratford upon Avon.
The two storey mid terrace office was built in 2008 and extends to 1,651 sqft. There are seven car spaces allocated to the property.
The property was let to Mono Consultants Ltd on a 5 year lease form March 2012 at an initial rent of £16,600 per annum. The rent is due to increase to £20,750 per annum from March 2015.
A private personal pension fund acquired the property for £180,000, reflecting a net initial yield of 8.97% and a reversion to 11.21% in 2015.