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Addington Capital sells Drake House in Plymouth for £4.65m

Addington Capital has sold Drake House, Derry’s Cross, Plymouth PL1 to a private investor for the asking price of £4.65 million. The price reflects a net initial yield of 9.36% and a capital rate of £137 psf.

Drake House is a 33,887 sq. ft prime leisure investment located within Plymouth city cen...