Units 25-29 Owen Road, Diss
Franck-Steier Price Ltd (FSP) has recently concluded the sale of an industrial investment at Owen Road, Diss.
The property comprises a part terrace of three 1980’s industrial units totalling 627 sqm (6,750 sqft) situated on an industrial estate located on the edge of Diss, just off Victoria Road (A1006).
The property is let to Stadium Power Limited on a lease expiring in September 2020. The lease has a tenant option to break in September 2014. The passing rent is £33,655 per annum.
The purchaser was a local private investor, who paid £355,500, reflecting a net initial yield of 9.04%, after purchaser’s costs. Savills’ Norwich office represented the purchaser.