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."
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