FHP, acting on behalf of a private property company, have completed the sale of 6 Angel Row, which sits adjacent to McDonald’s and is fit out as a restaurant trading as Heavenly Desserts.
David Hargreaves of FHP confirmed that the property was sold for £585,000.
He said: “The Basement, Ground and First Floors are let at £40,000 pa, with 2 floors of vacant accommodation above suitable, subject to planning, for redevelopment to provide 6 student studio apartments or residential accommodation.”
Hargreaves confirmed there had been strong interest due to the location and the development potential, with the ultimate buyer a linked party to the current tenant.
FHP Property Consultants advised on the property side of the transaction and Niki Guthrie of Edwards Clegg on the legal side.
