Investment News

FHP acting on behalf of a private property company have completed the sale of 6 Angel Row, which sits adjacent to McDonald’s and is fit out as a restaurant trading as Heavenly Desserts.

David Hargreaves of FHP confirmed that the property was sold for £585,000.

He said “The Basement, Ground and First Floors are let at £40,000 pa, with 2 floors of vacant accommodation above suitable, subject to planning, for redevelopment to provide 6 student studio apartments or residential accommodation.

Hargreaves confirmed there had been strong interest due to the location and the development potential with the ultimate buyer a linked party to the current tenant.

FHP Property Consultants advised on the property side of the transaction and Niki Guthrie of Edwards Clegg on the legal side.

ENDS

David Hargreaves

18 April 2023

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