Landmark building sold to local investor in Shropshire
A fully-let modern detached office building in Shropshire has been sold to a local investor.
Two-storey Hafren House, St Giles Business Park, extends to 7,056 sq ft with on-site parking facilities for 30 cars.
It occupies an attractive and well-presented landscaped setting within a total site area of 0.9 acres.
Offers in the region of £795,000 had been invited by Towler Shaw Roberts (TSR) with the benefit of the existing tenancies.
Hafren House is the Newtown premises of The National Farmers Mutual Insurance Society Limited, Eureka Physiocare Limited and Links Electrical Supplies Ltd.
Toby Shaw, who handled the sale for TSR, said: “Hafren House, a landmark building of modern design, is well located in the centre of St Giles Business Park, the premier office park in Newtown.
“It has attracted a number of well-known companies and organisations and benefits from being conveniently situated on the eastern approach into Newtown, with good access to the A483 bypass and A470.
“Representing a strong asset management opportunity, Hafren House attracted a good level of interest underlining the continued strong demand for attractive well located income producing properties of this type.”
Towler Shaw Roberts have been retained to handle the management of the property for the new owner.
