A modern office investment has been sold on the Truro Business Park, Threemilestone oo the outskirts of Truro, Cornwall. Kevin Underwood, who handled the sale reported “The building is let to two commercial tenants, neither of whom’s business is affected by this sale. The sale was arranged amidst the Covid19 lockdown but this did not relay progress’.
The uncertainty in the market created by Covid19 is natural, with a variety of forecasts being voiced from numerous economic and commercial property commentators about the future and the shape of any recovery.
“Our experience is that buyers are discerning but ready to buy when things are right. With significant cash funds to invest, are looking to buy quality, both in respect of the physical building and lease terms, relating to quality of tenant and security of income.”
Solicitors. Ashfords of Exeter acted for the seller and Slee Blackwell of South Molton N Devon represented the buyer.