Property overview

Unit 1 Barberry Court, Burton Upon Trent, DE14 2UE

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Sep 2014

Franck Steier Price has recently completed the sale of a single self contained business park office investment at Barberry Court, Burton upon Trent on behalf of Barberry Developments.

The unit formed part of a larger business park development constructed in 2006. Unit 1 is an end unit at the entrance to the scheme and extended to 3,041 sqft and included 11 car spaces.

The property was let to Stratotec Biomedical Ltd for a term of 3 years from 25 December 2012 at a passing rent of £33,375 per annum, increasing to £41,000 per annum in December 2014.

The investment was purchased by a private investor for £367,400 which reflected a net initial yield of 8.67% with a reversion to 10.65% in December 2014, after purchaser’s costs of 4.80%. The price paid showed an underlying capital value of £120.82 per sqft.