RO Regional Properties has recently bought Discovery House at Vision Park in Cambridge.
The vendor was Turnstone Estates who reportedly sold the office property for circa £2.85m. This would reflect a net initial yield of 6.25%
Discovery House is a 9,034 sq ft office building. The building is arranged over two stories and is completely self-contained.
Currently tenants include The IWF. The self-regulatory body has recently taken a 10-year lease of office space in the building.
Vision Park is located about three miles north of Cambridge, the park is just off junction 32 of the A14.
RO Properties was advised by HSM Chartered Surveyors.
Turnstone Estates was advised by Hewitsons and Januarys, Finn & Co