Hinchingbrooke office building acquired
Barford + Co has announced the acquisition of an investment at 12 Ramsay Court, Hinchingbrooke Business Park, Huntingdon on behalf of a private client.
The property comprises a two storey, high quality, semi-detached office building of 2,276 sq ft situated on a popular business park with excellent access to the A14, the A1 and within easy reach of Huntingdon Town Centre. It is let to Seymour Davies Ltd at a passing rent of £27,000 per annum.
Jones Lang Lasalle were appointed to sell the investment on behalf of LPA receivers.
Howard Westgate at Barford + Co acted for the purchaser. He said: “I had been looking for a solid investment for this particular client for some time and 12 Ramsay Court ticked all the right boxes.
“The property itself is quite new and it benefits from an exceptional standard of fit-out and specification. Together with the dwindling availability on the estate, my client instantly recognised the opportunity.”
Due to the level of interest expressed by a numerous parties, best-and-final bids were eventually invited by the vendor’s agent. Westgate said: “By having a good understanding of the local market, I was able to accurately advise my client on leasehold and freehold values together with providing a substantiated analysis of the potential risks that can be associated with any investment
“ We were delighted to have been the successful bidder and the legal process went through very quickly and without issue.”