Turnstone sells Cambridge offices

By Paul Norman - Friday, January 05, 2018 10:59

Main news image
Turnstone Estates has sold Langford Arch, London Road, Sawston, Cambridge, to a subsidiary company of the Howard Group for £2.5m, reflecting a net initial yield of 7.46%.

The 19,000 sq ft property is a former mill building converted into offices and is virtually fully let generating a total income of £199,048 a year.

The average unexpired lease term is approximately three years and occupiers include Excell Business Solutions, Brand Recruitment, Sareum, Woodford Medical and Hyline Security.

Carter Jonas advised Turnstone Estates and Bidwells represented Howard Group.

pnorman@costar.co.uk

Get in Touch
+44 203 205 4600