INVESTMENT DEPARTMENT SELL £1.6M OF INVESTMENT PROPERTY IN DECEMBER

The Investment Team had a successful run up to Christmas 2015, by successfully disposing of two significant investment properties in Blackburn and Whitby.

The Blackburn property comprised a prominent trade counter unit producing £61,000pa and sold for a net yield of 6.9%. The property in Whitby being a Grade II listed block of 6 no. flats which sold for over £700,000.

Stuart Cooper commented “The Blackburn sale was particularly pleasing as the client stated from the outset that he was looking for a marketing period of no more than 6 weeks. In that time we managed to obtain 8 bids, the highest one being more than £100,000 over the asking price. This goes to show the current demand for investment properties at present is climbing back to pre-recession levels, combined with the benefit of instructing an Agent with the specialist contacts in order to maximise sale proceeds”.

Please feel free to contact either Stuart Cooper or Simon Cook to discuss any of your investment property requirements.