Developer ROK has sold a £3m building at
The sale, brokered by investment consultancy Source IDC, was to a private investor and reflects a net initial yield of 5.56%.
The building is a motorcycle driving test centre, let to the Secretary of State.
Richard Foulkes of Source IDC said: “We were pleased to have secured this sale in a challenging marketplace, indicating the appetite for government-backed income opportunities remains attractive to the long term investors.”
DTZ represented the purchaser.