THERE has been another massive boost in the Warrington property market.
The Point Office Building in Birchwood is currently home to Martin Dawes and has been sold to a private investor for £4.87million - a net yield of 9.25 per cent.
The deal was done on behalf of Royal London, by the CBRE’s Manchester Capital Markets team.
Measuring at 32,016 sq ft of grade A office accommodation, The Point is let on a 10 year lease to leading billing and customer management company, Martin Dawes Systems Ltd.
Located on Birchwood Boulevard, approximately five miles north east of Warrington town centre, The Point is close to other big names in the business world, Canon, Hewlett Packard and Fircroft.
Robert Woods, director of Capital Markets at CBRE’s Manchester office, said; “Birchwood has established itself as a prime commercial location due to its proximity to both Manchester and Liverpool centres and its excellent transport links.
“The Point is the regional headquarters building for Martin Dawes Systems Ltd and as such presented a sound investment for the purchaser to acquire a strategically located property with good rental returns.
“The deal signifies investor appetite for well-placed stock in out of town locations in the north west.”
MEPC Birchwood Park is currently up for sale as well with a number of investors known to be keen on the vast site home to numerous companies.
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