Unit 5 & 6, Barberry Court, Burton upon Trent, DE14 2UE
Franck Steier Price has recently completed the sale of two self contained business park offices at Barberry Court, Burton upon Trent on behalf of Barberry Developments.
The units formed part of a larger business park development constructed in 2006. Unit 5&6 were adjoining end units forming part of a larger terrace. The two storey offices extended to 4,603 sqft and included 18 car spaces.
The units were let to Healthcare at home (holding over) and Equal Opportunities (3 year lease from March 2013) at a combined rent of £62,050 per annum (average rent of £13.48).
The investment was purchased by a private client of Reid Rose Gregory for £500,000 which reflected a net initial yield of 11.84%, after purchaser’s costs of 4.80%. The price paid showed an underlying capital value of £109 per sqft.