Olympic Park office sold

A private pension fund has purchased a 4,000 sq ft office building at Olympic Park in Birchwood, Warrington, from LPA Receiver PwC for £370,000.

The self-contained office building at 11b Olympic Park is let to Energos on a five-year lease at £51,125 rent a year. Energos is a supplier of small-scale clean energy recovery from waste plants and technology.

TFC Property acted on behalf of the vendor. BE Group represented the purchaser.

Ben Fallows, director of TFC, said: "We have been involved with a number of short let office investments recently and have seen an increase in activity in this sector as investors can achieve a high return on quality office space which is effectively underpinned by vacant possession values."

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