Princes Court business centre in Nantwich is up for sale for £1.9 million.
Property consultancy Sanderson Weatherall has been appointed to sell the freehold interest of the operational business centre which currently has 29 tenants.
The centre, off Beam Heath Way, is comprised of three, three-storey office buildings with a current occupancy rate of 82% under individual lease agreements.
Dating from the late 1800s, the buildings were originally constructed to form part of a hospital complex.
It has since been sub-divided to provide 54 individual office suites and car parking with 148 spaces, covering a 2.32 acre site.
Craig Watson, Associate Partner in Sanderson Weatherall’s Manchester office, said: “Princes Court offers investors a really exciting proposition.
“The asking price reflects an attractive gross yield of 9.53% and with opportunities to improve this through active management there is plenty of room for this to grow.”
Sanderson Weatherall are acting as joint agents on the property alongside Legat Owen.
More details are available on Legat Owen website here.
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