£1.2m deal on office block
AN out-of-town office building has been bought for £1.2 million.
Sterling Park, in Woodgate Valley, has been sold by Holloway Properties to Cravendale Properties. The investment comprises a modern, two-storey office building.
James Mattin, managing partner at Bond Wolfe which sold the property, said: “This is a good example of the investment stock that Bond Wolfe has had great success selling in 2018.
“We are experiencing major interest in multi-let, strong secondary locations, with good transport links.
“This kind of yield represents good value for investors looking for a return on their investments.”
The property rently let for annum.
Birmingham law firm Emms Gilmore Liberson advised Holloway Properties and Cravendale Properties were advised by Lodders Solicitors. in total is £121,140 curper