Turnstone Estates has purchased 63-67 Westgate Street, Ipswich from A&F Smith Memorial Trust for £755,000, reflecting a net initial yield of 8.3%.
Turnstone purchase 63-67 Westgate Street, Ipswich
The property comprises 5,413 sq ft (503 sq m) of office and retail space, and is currently let to national and locally based tenants, including Oxfam and gapyear.com.
Turnstone Estates and A&F Smith were both unrepresented.
Established in 1989, Turnstone is one of the most active and dynamic property companies in the south east of England.