Project Details: [SOLD]
Telephone House | |
Sheffield | |
Built | 1972 |
No. floors | 15 |
Main Tenant | BT |
Purchased | October 2011 |
Purchase price | £6,925,160 |
Rental income (net) | £960,000 p.a. |
Sold | Tower March 2014, Car Park November 2015 |
Sale price | £8,140,750 |
Overall ROI | 118.5% |
When built it was one of the highest buildings in Sheffield. After sale, it was converted into student accommodation and a sixteenth floor of penthouses was added. |