Freehold investment totalling 41,000 ft²
Instructions were secured to market a freehold office and warehouse investment with buildings totalling 41,000 ft² standing on a site of 0.64 acres with substantial rear car park offering scope for redevelopment.
Offered subject to existing income totalling £750,000 p.a.x, and with scoping study prepared for mixed residential and office redevelopment on part of the site, potentially supporting 18 No. flats and 13,500 ft² of newly developed office space, subject to necessary consents.
Terms agreed with Dorrington in May 2016.
A price in excess of the £17,500,000 guide price was achieved.
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