City Centre Mixed-Use Building Sold For More Than £1m

Property company RO Group has completed the sale of a multi-let office and retail building in Hull. Norwich House comprises office suites arranged over four floors and three retail units on the ground floor totalling approximately 2,948 sq m, with six car spaces. The property houses blue chip tenants such as Regus, Scope and Newcross Healthcare Solutions. Purchased by RO in 2006, the building is located in Hull city centre and in close proximity to the Princess Quay, New Hull Theatre and Hull Station along with large commercial outlets such as Marks & Spencer's and Primark. For the full article, please click Here

Surveyor Comment: Nick Coultish - “Our longstanding client RO Group have completed the sale of their multi-let office and retail building in Hull, Norwich House. As a team, Scotts Property LLP are pleased to have assisted RO Group in securing various tenants at the property including Regus, following an extensive refurbishment of the building in recent years. In attracting quality tenants, Scotts have helped maximise the value of the multi-let investment for the benefit of its owner, which in turn has benefitted the tenants and the wider city centre economy.”