The freehold interest in the modern industrial/warehouse headquarters premises at Pondwood Close, Moulton Park in Northampton has been sold by commercial property agents Prop-Search in record time.
From receiving instructions to market the investment at Pondwood House - comprising approximately 16,000 sq ft on 0.72 acre site - from the Selbourne Group Ltd, the property was placed under offer and the sale completed within just four weeks.
Pondwood House is currently let to Faber Blinds, which for over 100 years has been fabricating outstanding solar shading solutions for commercial premises. Faber Blinds has occupied the property since 2011 and continues to use it as its UK headquarters.
Richard Baker, Director at Prop-Search who was responsible for concluding the sale, said: “The investment market is currently experiencing excellent trading conditions for properties that are of a good level of specification and are let to established companies. We were instructed to carry out an off market disposal and our detailed investment knowledge helped us conclude the sale within four weeks.”
Commenting on the disposal of Pondwood House, Michael de Massey Managing Director at Selbourne Group Ltd said: “Richard Baker did an excellent job with the marketing and disposal of the property, not only by achieving a good price but also completing the deal in a fast timeframe. We are extremely pleased with the result and look forward to doing business with Prop-Search in the future.”
Further information or advice can be obtained from Prop-Search - Tel: 01604 492000 or its website: www.prop-search.com