Acting on behalf of a Trust, MK2 advised on the sale of Landscape House. A Grade A Prime Head Quarters office building comprising 3,020 sq.m (32,510 sq.ft) over ground and two upper floors. The property is let to Marshall’s Plc on a FR & I lease with in excess of 21 years unexpired.
Prominently situated on Lowfields Business Park this prestigious headquarters office building with ample secure car parking has been developed to a high specification and provides a flexible approach to occupation. The lease incorporates fixed increases providing for guaranteed rental growth throughout the lease term.
The property was purchased for a price of £7,545,000 reflecting a net initial yield of 6.63% after allowing for purchasers costs.