Advising Highclare Properties, Hartnell Taylor Cook has sold Phases 1 & 2 King Edwards Court, Nottingham to Skape Living for £4.5m.
The freehold office investment is prominently located on an island site adjacent to the established Victoria Centre and just off Nottingham’s inner city ring road. It was constructed as part of a three phase office scheme and comprises a mixture of two and three storey accommodation totalling 30,333 sq ft.
The investment generates an annual income of £364,420 pa and the tenants includes Nottingham Trent University and The Crown Prosecution Service.
Jonathan Gilbert of selling agents, Hartnell Taylor Cook said: “This prominent office scheme offers the purchaser the potential of rental growth and further development/refurbishment potential in a popular commercial location close to Nottingham Trent University.”
Hartnell Taylor Cook advised the vendor Highclare Properties Ltd and Ereira Mendoza & Co advised the purchaser Skape Living.