Plymouth commercial property specialist Bruton Knowles has sold an office investment near the city centre.
Glenn Kelly sold 210 Exeter Street next to the Cattedown Roundabout to a private investor off an asking price of £415,000 freehold.
The two-storey building – currently occupied by GP Strategies Training – offers a total of 3,818 sq ft of modern accommodation with seven parking spaces.
Glenn said the sale underlined increased investment interest across the city.
“We have seen a number of headline deals going through in the past few months and the market is keen to acquire investments that can offer asset management opportunities which add value to an investor’s portfolio.
“210 Exeter Street is a great buy and has a number of angles which I am sure will be explored by the new purchaser.
“Enquiry levels remain strong particularly within this sub-5,000 sq ft category. This, combined with a chronic shortage of stock, is good news for the vendor.
“For the buyer, it’s a much different story. These days they have to keep their ear much closer to the ground if they are to have any chance of success.”
Earlier in the year, Glenn brokered a sale of a number of units on the Newnham Estate to the Gerrick Rose Animal Trust. He also sold the iconic Brownston Gallery in Modbury to another un-named investor.
