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Prime R & D Investment Sold

Sep 23, 2013

Acting on behalf of local property company Milton Hall Estates, Barker Storey Matthews Huntingdon office have negotiated an investment sale of the Brookfield Motor Sport Centre at Cottenham.

Brookfield Motor Sport Centre, Cottenham

The property, which comprises a 23,000 sq ft research and development building, is currently let to Cosworth Electronics Ltd on a lease expiring in 2019.  The sale reflected a net yield to the purchaser of 9.5%.  Alan Matthews of Barker Storey Matthews said, "this is a first class property let to a very good tenant.  We had a good level of interest in the building and were very pleased with the sale result.  The purchaser is a regional private property company".

Cosworth will continue in occupation of the premises and the sale will have no effect on their business in any way.

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