Norfolk House in Nottingham has been bought for David Samuel Properties.
The 25,000 sq ft regional office building was purchased for £3m; this reflects a net initial yield of around 10%.
Norfolk House is current let to Way Ahead Group and the Post Office.
Norfolk House was originally developed in the late 1950s and in 2004 the building was extensively refurbished. The property is located in Nottingham’s Central Business District.
David Samuel Properties was represented by MK2 Real Estate.
The vendor was advised by NC Chartered Surveyors.