Parabola Estate has put its Central Square office building in Newcastle up for sale for £20.5m.
The price for the 72,000 sq ft office block reflects a 6.75% yield. It is located close to Newscastle Central railway station.
Built in 2000, the building includes a five-storey atrium and 97 car parking spaces.
Rental income is £1.45m a year, equating to an average office rent of £18.55 per sq ft and annual car park space rent of £1,300.
Bilfinger GVA and Cushman & Wakefield are sales agents.
