£1.2m deal on of­fice block

Birmingham Post - - ADVERTISING FEATURE -

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

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