Sale of mixed-use property points to investor appetite

Sale of mixed-use property points to investor appetite

The Huntingdon office of Eddisons incorporating Barker Storey Matthews references the recent sale of mixed-use premises in Sandy, Bedfordshire as reinforcing its view that property investor appetite endures as the second quarter of the year (2021) is underway.

Eddisons acted as joint agents in marketing the sale of the freehold of Shannon Court - a mixed-use commercial property with planning permission for a residential element - on High Street in Sandy.

Shannon Court is a three storey building, totalling 1,372 sq m (14,770 sq ft), and comprises a ground floor retail arcade and first and second floor offices.

The property has been sold to an investor buyer and Eddisons confirmed that while the sale price remains undisclosed, it achieved in excess of its guide price of £1.05 million.

Eddisons’ Matthew Hunt said, “Shannon Court attracted strong interest from a number of potential investors. We were successful in achieving a sale price in excess of the guide price and that demonstrates that demand for property investment has held during recent, difficult economic trading conditions.”

For more information on other current freehold property opportunities, contact Matthew Hunt at the Huntingdon office, tel 01480 451578, [email protected] or see eddisons.com/barker-storey-matthews.

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For any press queries, please contact:
Richard Jones, Eddisons incorporating Barker Storey Matthews, 01733 897722, [email protected].