The Business Magazine - B2B Business News - Site Logo
The Business Magazine November 2023
Read now

Bromsgrove town centre offices sell for £2.45m

14 July 2022
The Business Magazine article image for: Bromsgrove town centre offices sell for £2.45m

An office development in Bromsgrove has been sold for £2.45 million.

St Johns House was sold by Redditch-based commercial property agents John Truslove on behalf of Stratford-upon-Avon’s Quartz Investments to a charitable foundation.

The building currently houses Worcestershire's Clay Knox Accountants, who signed a new eight-year lease in January of this year. The rent of £179,000 per year means the investment returns a net yield of 7 per cent.

Ben Truslove, joint managing director of John Truslove, said: “St Johns House is a purpose-built office development over three floors 14,000 sq ft.

“Investment opportunities such as this in north Worcestershire do not come along every day, so we were delighted to be able to introduce St Johns House to the buyer. The appetite for property investment remains strong and we are keen to bring similar properties to an active and eager market.”

Read more - Oxford Nanopore sells and leases back HQ building to The Oxford Science Park

Sam is the Regional Editor of Biz News. Currently responsible for Hampshire, he will soon take over Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.

Related articles