Bromwich Hardy have recently acted on behalf of Fixed Charge Receivers, BNP Paribas , in the sale of the Long Leasehold Interest of CEL House, Westwood Way, Westwood Business Park, Coventry

The property is let to WSP Management Services Ltd for a further 2 years certain and the price achieved of £930,000 represents a net initial yield of 10%

 

The property , forming a 2 storey , brick built office building , is extremely well located on a major Coventry Business Park

 

Tom Bromwich comments

 

“ There remains a strong appetite amongst private investors for High Yielding, well located buildings. This transaction is a typical example of market sentiment at the moment”