PROPERTY INVESTMENT

FLEET HOUSE, PETERBOROUGH

Endurance Estates acquired with a consortium of high net worth individuals in an LLP structure, this 44,000 sq.ft office building to let to News International, owners of The Sun and The Times newspapers. It is used as their accountancy and disaster recovery facility. It has a base rent of £12.50 p.s.f and rental growth is anticipated. It was bought in October 2010 yielding 8.9%. The opportunity is being explored to lengthen the 7 year lease in conjunction with the tenant and to share in the uplift in the value.

Fleet House