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Prominent Freehold Offices Sold on Park Road

Mar 20, 2015

Acting on behalf of private owners, Barker Storey Matthews have disposed of prominent freehold offices at 174 and 168 Park Road, Peterborough. 

Prominent Freehold Offices Sold on Park Road

The buildings have both been sold to the current occupiers, who previously leased the office space. 168 Park Road extends to 1,814 sq ft across its basement, ground and first floors, and 174 Park Road extends to 1,402 sq ft over its ground, first and second floors. 

The buildings are in a highly popular location directly opposite The Kings School, and benefit from a car park to the rear. 

Julian Welch, Director at Cambridge's most active commercial property agents Barker Storey Matthews, acted on the disposals. He commented "It is pleasing to note that the tenants of both of these premises were so happy with the building and location, thet they were keen to purchase the freehold interests. This further illustrates the general trend that we have seen recently of small businesses looking to purchase, rather than rent, their office space"

He went on to say "The buildings are now fully occupied with the exception of 172 Park Road. This property represents an excellent opportunity for a small business owner to purchase the building, occupy the first and second floors, and generate an income from the existing ground floor tenant".

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