{"id":345,"date":"2016-11-23T15:34:01","date_gmt":"2016-11-23T15:34:01","guid":{"rendered":"http:\/\/www.brierleyandcoe.co.uk\/blog\/?p=345"},"modified":"2017-03-10T16:23:08","modified_gmt":"2017-03-10T16:23:08","slug":"prime-worthing-investment-sold","status":"publish","type":"post","link":"https:\/\/www.brierleyandcoe.co.uk\/blog\/prime-worthing-investment-sold\/","title":{"rendered":"Prime Worthing Investment Sold !"},"content":{"rendered":"<p><a href=\"..\/blog\/wp-content\/uploads\/2016\/11\/2.jpg\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" alt=\"2\" class=\"alignright size-medium wp-image-349\" height=\"293\" src=\"..\/blog\/wp-content\/uploads\/2016\/11\/2-300x293.jpg\" width=\"300\" srcset=\"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-content\/uploads\/2016\/11\/2-300x293.jpg 300w, https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-content\/uploads\/2016\/11\/2.jpg 720w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>Brierley and Coe have reported the freehold investment sale of one of Worthing&rsquo;s premier office buildings.<\/p>\n<p>Southfield House in Liverpool Gardens is one of the town&rsquo;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.<\/p>\n<p>Brierley &amp; 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.<\/p>\n<p>After receiving significant levels of interest, the building was sold within 14 days to an investment company for &pound;2.75m some &pound;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&rsquo;s costs of 6.8%.<\/p>\n<p>Brierley &amp; Coe Director Paul Brierley comments &ldquo;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&rdquo;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><a href=\"..\/blog\/wp-content\/uploads\/2016\/11\/2.jpg\" target=\"_blank\"><img alt=\"2\" class=\"alignright size-medium wp-image-349\" height=\"293\" src=\"..\/blog\/wp-content\/uploads\/2016\/11\/2-300x293.jpg\" width=\"300\" \/><\/a>Brierley and Coe have reported the freehold investment sale of one of Worthing&rsquo;s premier office buildings.<\/p>\n<p>Southfield House in Liverpool Gardens is one of the town&rsquo;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.<\/p>\n<p>Brierley&#8230;  <span class=\"pgee-read-more\"><a href=\"https:\/\/www.brierleyandcoe.co.uk\/blog\/prime-worthing-investment-sold\/\">read the rest of &ldquo;Prime Worthing Investment Sold !&rdquo;<\/a><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/posts\/345"}],"collection":[{"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=345"}],"version-history":[{"count":6,"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/posts\/345\/revisions"}],"predecessor-version":[{"id":361,"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/posts\/345\/revisions\/361"}],"wp:attachment":[{"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brierleyandcoe.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}