The 59,750-sf property, which was acquired in 1998 for £14.5 million ($27 million), comprises two inter-connecting buildings divided into suites, and provides 35,075 sf of offices, 18,285 sf of medical consulting rooms and 6,390 sf of residential space. It is occupied by 24 tenants on leases of varying lengths producing a current income of £1.9 million ($3.5 million) per annum.
John Burns, managing director of Derwent Valley, says: "The sale of Harcourt House continues our policy of selling those properties where we have completed our asset management programme."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
