Acting on behalf of private clients, Legat Owen and joint agent ADS have successfully sold Eden House, a prime freehold office investment extending to 21,750 sq ft located on Chester Business park. The property was sold in excess of the £4.25 million guide and reflects a net initial yield of 7.07%.
Will Sadler of Legat Owen said;
“The property was brought to the market in September and we are delighted to have secured a sale within 3 months. There was significant interest from a wide range of local, regional and national buyers, attracted by the tenant profile, 100% occupancy and the prospect to add value with a number of asset management opportunities. The sale concludes a successful year for the investment team with a number of noteworthy transactions concluded and we look forward to improving on this in 2019”