Investment Sold at Whitehouse Road, Ipswich
Penn Commercial were pleased to act on behalf of Cripps Commercial Ltd in the marketing and subsequent disposal of Dencora Business Centre and Dencora House at Whitehouse Road, Ipswich.
Dencora Business Centre comprises a multi-let 43,083 sq ft building including offices and industrial units/trade counters with associated car parking.
Dencora House is a self-contained two storey office block with car parking, let to one tenant.
Peter Colby Commercials Ltd have acquired both properties for an undisclosed sum, which equates to an initial yield of 10%.
Vanessa Penn of Penn Commercial said: “We are pleased to have been instructed to manage both properties on behalf of the new landlords and will provide a full management service to include rent and service charge collection, lease renewals and rent reviews, and project and asset management.”
This property adds to Peter Colby Commercials existing Ipswich based portfolio which includes Whitehouse Business Centre, Elton Park Industrial Estate, Harris Business Park, Three Rivers Business Centre and other properties in and around Ipswich and Suffolk.
Photograph by David Mortimer