Black Country specialist commercial property agency Bond Wolfe has sold a prominent office building at Waterfront West in Dudley.
Barberry House, 4 Harbour Buildings, Waterfront West, Dudley Road, has been sold for £377,500 on behalf of a private investor to a pension fund.
The fully-let modern office investment includes 4,216 sq ft let at gross rental of £42,000 per annum and comes with 15 parking spaces.
James Mattin, chief executive of Bond Wolfe, said: “We are delighted to have concluded another lockdown investment deal.
“The sale was concluded within four weeks of Heads of Terms being agreed in mid-May, which is proof that putting motivated sellers and buyers together will produce a successful outcome no matter what the climate is.
“There is no doubt that these are challenging times, but we have focused on active buyers and sellers and have remained very productive in putting deals together during lockdown.”
The sellers were advised by Farleys Solicitors of Preston, while Royds Withy King in Bath advised the buyers.
Jeremy Rubin of agents Jeremy Rubin & Co acted for the buyers. He said: “Barberry House satisfied our client’s specific requirement and we also have other clients seeking similar well located small office investments.”
Since lockdown began Bond Wolfe has concluded deals including Bank House in Walsall, 6 St Michaels Court in West Bromwich, and 6-8 Alcester Road, Kings Heath, Birmingham, as well as taking on several new instructions.