Office 2, Hampton Park, Hampton Lovett, Droitwich, WR9 0NX
Franck-Steier Price has recently completed the sale of an office investment on behalf of CBRE Global Investors.
The property comprises a modern detached office building extending to 3,700 sq.ft with 18 car parking spaces.
The property is let to Air Liquide (Homecare) Ltd for a term of 8 years from Sept 2011 expiring in July 2019. There is a tenant break option in July 2017. The current rent is £15,937.50 per annum, which increases to £31,875 per annum on the 26th January 2013.
The investment was purchased for £347,667, which reflected a net initial yield of 4.37% reverting to 8.75% in January 2013. The purchaser was a private investor,