Prime Worthing Investment Sold !

admin Fresh News

2Brierley and Coe have reported the freehold investment sale of one of Worthing’s premier office buildings.

Southfield House in Liverpool Gardens is one of the town’s more prominent commercial buildings. Totalling 20,000 sq ft over five floors, the property is multi-let to tenants including the NHS and Wannops LLP Solicitors and benefits from an excellent overall specification.

Brierley & Coe, brought the opportunity to market in late September after the successful letting of the refurbished 4,290 sq ft top floor to Coverwise Insurance.

After receiving significant levels of interest, the building was sold within 14 days to an investment company for £2.75m some £200,000 over the initial quoting price. A sale at this level reflects an attractive net initial yield of approximately 7.86% after allowing for purchaser’s costs of 6.8%.

Brierley & Coe Director Paul Brierley comments “we were pleasantly surprised by the sheer level of interest received over the relatively short marketing period. The success of this sale indicates that despite a general hardening of attitude towards risk, investors are still actively seeking good quality income/yield and opportunity in what is a persistent low interest rate environment”.

Written By

Admin

This is just test data. This is just test data. This is just test data. This is just test data. This is just test data. This is just test data. This is just test data. This is just test data.

You May Also Like..

Letting at Prestigious Yeoman Gate Business Park Announced

Brierley & Coe have let Building E2 at the Yeoman Gate Business Park in Worthing.
This 3,000 sq ft two storey office built in 2007 was fully refurbished to a high standard and let prior to a full marketing campaign to waiting applicants.
As a result, our Landlord client had a zero void between the previous tenant vacating and the new one starting.

E2 Yeoman Gate Worthing… read the rest of “Letting at Prestigious Yeoman Gate Business Park Announced”

Ford Business Park- Letting Success

Following a successful marketing campaign Brierley & Coe have announced the letting of Unit 20 at the Ford Lane Business Park, Ford.
This impressive office and storage unit totals 3,300 sq ft over two floors and has been let for a period until 2021… read the rest of “Ford Business Park- Letting Success”

Prime Retail Unit Worthing – To Let

6-8 Warwick Street, Worthing

Brierley & Coe have launched the marketing of a prime shop in the heart of Worthing. The former Jessops store is located at the top end of Warwick Street. In all, 2303 sq ft including upper parts. Details on our website.… read the rest of “Prime Retail Unit Worthing - To Let”

Leave a Reply

Your email address will not be published. Required fields are marked *