Katana make it 4 out of 5 in Hook
Unit 4 Meridian Office Park in Hook has been sold by BDT, acting on behalf of owners AW Davis Ltd, to Katana Property Ltd.
Katana now own four of the five buildings, which comprise Meridian Office Park. The property/investment was purchased for the sum of £435,000 (£106 per ). It remains let to Price Systems Ltd on a lease expiring in September 2015, at the passing rent of £71,000 per annum.
The transaction was concluded very swiftly, within a 3 week period, and probably serves as one of the recent indicators that the secondary investment market is also now improving. The short term reversion of the lease means that there is the prospect of rental void from late 2015, but Katana will have weighed up these risks and decided that the building could be relet fairly readily if Price Systems choose not to renew terms.
The Meridian Estate offers some great attributes – each unit is well parked, the location is within a virtual “stones throw” of junction 5 on the M3, and Hook railway station and shopping facilities are within a short walk.
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Contact for further information:
Telephone: 01256 840 777
9th December 2013