A prominent business park in Retford has been sold by a leading property consultancy in a major seven-figure deal.
Amelia Court Business Park has been sold by Fisher German, acting on behalf of the vendor.
It comprises of five office buildings which are fully let, producing a rent of £98,750 PAX (Per Annum Exclusive), and was purchased by the owners of a leading website development agency, Bubble Design and Marketing Limited.
Amelia Court Business Park, which is part of the larger Randall Way Business Park, is the foremost office development in Retford.
Fisher German has been the lettings agent at the business park for a number of years and is looking to be retained by the new owner.
Ben Flint, of Fisher German, said that the deal stood strong despite the current uncertainty in the market due to the outbreak of Covid-19.
He said: “We are very pleased to complete the sale of Amelia Court Business Park.
“Randall Way is a prominent location which has long been popular with the local business community.
“The sale demonstrates that there is still some confidence in the market for willing investors during this uncertain period, and shows the market is still holding strong for good quality investments.”
Chris Peacock, managing director of Bubble Design and Marketing Ltd, said: “This is a great acquisition for our group of companies.
“We already owned one of the units on the estate, and due to growth in our website design and development services we require more office space.
“This is a sound investment that allows us to expand our services to more local and national businesses.”
