Paragon Point

MK2 acting jointly with Bulleys Bradbury are pleased to have a advised Morris Property on the sale of Paragon Point, Hortonwood West, Telford to a private retained client of  Gerald Eve.  The brand new warehouse unit speculatively developed by Morris, extends to 39,875 sq. ft. and was let to China Enterprise UK Limited on a 10 years lease at a rent of £236,875 per annum. The investment was sold for £4,400,000 reflecting a net initial yield of 5.05% ”.   It was a pleasure working with Elizabeth Lowe and the legal team at Morris Property, Richard Bradbury at Bulleys Bradbury and Mike Riordan at Gerald Eve