Member Article

Altrincham freehold office investment sold

The freehold office investment at 9 Ambassador Place, Altrincham has been sold by a private pension to ESSELLE Ltd Pension Scheme for £355,000.

The fully income producing property, let on a five year lease until September 2023 at a rental of £25,000 per annum, reflects a net initial yield of 7%. It comprises 1,910 sq ft over three floors with nine car spaces.

Daniel Lee, managing director, Regional Property Solutions, who acted for the private vendor, said:

“This sale reflects the continued attraction for high spec self-contained office buildings in town centres, particularly in Altrincham where there is a real lack of good quality office investments of this size and this one attracted enquiries from a wide range of investors”.

This was posted in Bdaily's Members' News section by Jill Brain .