Cooper Green Pooks report that Plot 30B, 1-3, Shrewsbury Business Park, has been sold to a South Wales based family trust who will hold it for long-term investment. The retail block, which was developed by Alaska Property Group, as support units for the 30 acre office park, was sold with the benefit of leases to Co-Operative Food trading as a convenience store and Greggs the national ‘food on the go’ retailer. The remaining unit is vacant. The total actual and anticipated rental income is about £85,000 per annum and the block was sold close to the asking price of around £1.3 million (before purchase costs).
Charles Howell, of Cooper Green Pooks who arranged the sale on behalf of Alaska said “The marketing of this property was eagerly anticipated and this was reflected in the interest shown by a range of both national and local buyers all with funds available. Secure relatively high yielding investments such as this are much in demand.’’
The occupiers will provide much needed facilities for Shrewsbury Business Park – ‘Shropshire’s Premier Office Location’ –serving a workforce of about 1,500 people employed by a diverse range of concerns. These include Shropshire Council, NHS, Greenhous, Handelsbanken, and professional firms including Whittingham Riddell, Brewin Dolphin, FBC Manby Bowdler, etc.
Cooper Green Pooks arranged the lettings to Co-Operative Food and Greggs and have been retained by the new owners to let the vacant unit.
Joint Agents are Halls of Shrewsbury.