Business park deals boost investment

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Knight Frank’s Sheffield office has completed two deals involving a Chesterfield business park, worth nearly £2 million.

Perth House and Dundee House on the four building Millennium Way Business Park off Dunston Road were sold to a private investor for £400,000, while Edinburgh House and St Andrew’s House were sold to a private company for £1.5 million.

Both deals were brokered by Knight Frank’s Robert Hepworth, on behalf of the Helphire Group.

Millennium Way Business Park comprises 28,850 sq ft of high specification office accommodation and is fully let to tenants who include insurance group AIG and Spencers Solicitors.

Robert Hepworth said: “This is a high yielding freehold office investment opportunity.

“The two deals represented an attractive proposition for both sets of investors.”