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..

A259 Offices Now Let!

Acting on behalf of the Highways Electrical Association, Brierley & Coe have successfully let the ground floor of Highdown House a modern office building in Worthing to law firm Real Estate Law Ltd.
The marketing period required was a mere 2 weeks ensuring our client was receiving rent from the earliest opportunity.… read the rest of “A259 Offices Now Let!”

West Barn A27 Norton – Letting Announced

Transport Planning Consultants The Russell Giles Partnership have taken office space through Brierley & Coe at the new West Barn office development A27 Norton.

Only two suites remain with between 1,679 to 3,358 sq ft available to rent.Full details under the "Find A Property" tab.

 

The Vinery – 30th 2018 Deal Concluded !

2018 saw us complete a total of 30 new lettings and lease renewals at the ever popular Vinery Industrial Estate A27 Arundel. These included the introduction to site of major occupiers such as Exsel Pumps and Wilcox and King Engineering.

2019 will see the roll out of brand new units totalling 10,000 sq ft and the release of up to 5 acres of land for open storage use.

 … read the rest of “The Vinery - 30th 2018 Deal Concluded !”

Leave a Reply

Your email address will not be published.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