Mayer Real Estate has sold Peter House in Manchester.
The new owner is Rockspring Property Investment Managers.
The sale price for the mixed-use property was in the region of £24m. This reflects a net initial yield of just under 6%.
Peter House is fully let; the largest tenant is Regus, the serviced office firm who occupies over 80,000 sq ft of office space across ten storeys.
Other tenants include: Papa John’s, Giorgio One and Don Giovanni.
Mayer Real Estate was advised by WHR.
Rockspring was represented by King Street Commercial.