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A modern freehold office investment in Brown St producing an income of £29,500 per annum has been sold by Woolley & Wallis. The property comprised three well-appointed office suites over three floors each of around 900 sq ft (84 sq m) which were let to separate tenants. 3 parking spaces were allocated to the property.
The premises were acquired by a local property investment company at a price of £395,000 reflecting a net initial yield of 7.05% after purchaser’s costs.
For advice on selling commercial or mixed use property investments or on their acquisition, contact Woolley & Wallis Commercial on 01722 330 333.