Property overview

Unit C1, Rhombus Business Park, Sapphire Way, Diamond Road, Norwich, NR6 6NN

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Oct 2016

Acting on behalf of Wulstan Capital, Franck-Steier Price Ltd (FSP) has acquired this modern single let trade counter investment in Norwich.

The property comprises an end terrace industrial trade unit of 6,877 sqft (with additional 1,833 sqft of mezzanine).

The property is let to SIG Trading Ltd for a term of 15 years from June 2016. There are 5 yearly rent reviews. The initial rent passing is £34,000 per annum (£4.94 per sqft).

The investment was purchased for £514,860, reflecting a net initial yield of 6.3%. Vail Williams acted for the vendor.