Savills, on behalf of NPW Ltd, has sold Phase one and two of Papyrus Business Parc in Werrington, Peterborough to Crossacre Properties Ltd. Offers were being sought in excess of £2million.
Totalling 18,984 sq ft (1,763 sq m), the park comprises modern office accommodation and a 9,120 sq ft (847 sq m) industrial unit currently let to Vindis Group. A further six tenants occupy the additional office space.
Only one suite remains vacant, comprising 832 sq ft (77.29 sq m) at a quoting rent of £10,000 per annum.
Edward Gee, associate director in the business space agency team at Savills Peterborough, comments: “Papyrus Business Parc provided the purchaser with an excellent opportunity to acquire a good quality modern scheme with a diverse mix of office and industrial tenants, alongside strong rental income and future asset management potential. We expect to receive considerable interest in the last remaining vacant office suite.”