Investment – Lawton House: Stoke On Trent
SALE PRICE: £1,520,000
NET INITIAL YIELD: 8%
Acting on behalf of a private client, Harris Lamb’s Investment team was instructed to place Lawton House, a 13,000sq ft property used as Headquarters to the North Staffordshire Combined NHS Trust, on the market seeking offers in excess of £1.36 million.
Located on one of the region’s premier business parks, the building was a detached, modern property with 57 parking spaces and excellent transport links, providing potential buyers with the opportunity to purchase a freehold, self contained office building with a secure occupier in situ for a further four years.
High levels of interest in the property enabled the team to broker a deal with the successful buyer – a private investor – who secured the property for more than £1.52m, equating to a net initial yield of 8%.
“ Throughout my ownership of Lawton House, Harris Lamb have provided top class professional advice and assistance on many matters, including rent reviews, dilapidation schedules, assistance with refurbishments, new letting and subsequent sale of the property. They have been a perfect professional partner.”
- BUILDING SURVEYING – REFURBISHMENT AND DILAPIDATIONS
- PROFESSIONAL – RENT REVIEW NEGOTIATIONS
- INVESTMENT & BROKERAGE SERVICES
- CASH FLOW ANALYSIS
- FUND COMPOSITION AND STRUCTURING
- ADVICE ON ASSET CLASS
- AGENCY – LETTING
- AGENCY – INVESTMENT SALE