RSS FeedRSS Feed

Discovery House in Cambridge sold for £2.85m to RO Real Estate29th October 2014

Discovery House, CambridgeTurnstone Estates has sold Discovery House, a 9,064 sq ft office building on Vision Park in Cambridge to commercial property investment company RO Real Estate for £2.85 million.

The property is currently let to Internet Watch Foundation Ltd on a ten-year lease (dating from 12 May 2014) at a rent of £203,625 per year, providing a net initial yield of 6.75 per cent.

Richard Bourne, head of RO Real Estate, said: “There is high demand for this type of quality office space in Cambridge and a lack of supply means that there is the potential for future rental growth, which will provide long-term secure income for our portfolio”.

RO Real Estate was advised by Hoddel Stotesbury Morgan. The vendor was advised by Finn and Company.

Written by Richenda Oldham

Recent Headlines

Click here for more news stories...

Commercial Property Events

Have you any commercial property events you'd like to tell us about? It could be networking, exhibitions, seminars, industry lunches or sporting fixtures. We will list them for free. Just email with the following details: Event name, date, time, venue, cost, booking info and a brief description of the event.

Commercial Property Jobs

To list your property job vacancies on Property News. Email:

Sign up to our free e-alerts for all your property news and views.
Follow Property News on Facebook Follow Property News on Twitter Follow Property News on Google+ Follow Property News on Linkedin Property News RSS Feed