Investment Sale Complete
The Berkeley Business Centre, Doncaster Road, Scunthorpe has just been sold as an investment by PPH Commercial. The property comprises of a modern office development providing 24,772 sqft over four separate buildings and benefiting from a highly visible location just off Doncaster Road. The property was being marketed at a price of £1m and was at the time of the sale benefiting from a rental income of £122,600 pa with potential to increase this once further lettings are concluded.
PPH Commercial have also been retained by the new owners to market and manage the Berkeley Business Centre going forward.
Duncan Willey Divisional Director at PPH Commercial advised that the sale was conducted on behalf of the original owners who developed out the business centre and it is pleasing to report that we have already agreed two new lettings which will leave only one suite on the entire development available. Despite the affects of the pandemic we have still found there to be reasonable levels of demand for good quality office accommodation. The business centre has been purchased by a local buyer.