![Norfolk House](/media/rslcmndk/norfolk_house_-_interior_808x455.jpg?anchor=center&mode=crop&width=1064&height=599&rnd=132942283206070000 1x, /media/rslcmndk/norfolk_house_-_interior_808x455.jpg?anchor=center&mode=crop&width=2128&height=1198&rnd=132942283206070000 2x)
Our client purchased the former LNC portfolio in 2005. The large single holding Norfolk House, Birmingham has been repositioned through a major facelift. Office rentals have subsequently risen from 10 to 16 per sq ft. The majority of the cost of the works has been re-covered through the service charge. To date 16 properties have been disposed of and there have been no price chips resulting from poor management or arrears issues.
Capital Value by Sector: Industrial 39%, Retail 6%, Offices 24%, Mixed 31%
Tenants: 171
Geographical Spread: Plymouth to Aberdeen
Highest Single Service Charge: 450,000 pa
Rent Collection Rate: 96% within 7 days of the due date
Arrears on rent roll: 2%