Acting on behalf of a charitable trust, MK2 has successfully acquired a Head Quarters office building located on one of the most successful business parks on the M62 corridor.
The Grade A office extends to approximately 32,510 sq ft over 3 storeys with 182 car parking spaces, is let to Marshalls Limited on full repairing and insuring lease terms for a period of 25 years with the rent to be reviewed upwards only to agreed increases annually compounded.
The transaction was a sale and leaseback at a purchase price was £6,110,000 reflecting an initial yield of 7.29%.
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