Worcestershire’s leading commercial property agents John Truslove have sold a landmark office development in Bromsgrove town centre for £2.45 million.

St Johns House was sold off-market on behalf of Quartz Investments in Stratford-upon-Avon to a charitable foundation.

The freehold building is fully let to Clay Knox Accountants on a new eight year term from January 2022 at a rental of £179,000 per annum – a net yield of 7%.

Ben Truslove, joint managing director of John Truslove, said: “St Johns House is a purpose-built office development over three floors 14,000 sq ft.

“Investment opportunities such as this in north Worcestershire do not come along every day, so we were delighted to be able to introduce St Johns House to the buyer. The appetite for property investment remains strong and we are keen to bring similar properties to an active and eager market.”

Veale Wasbrough Vizards LLP acted for the purchaser. Squire Patton Boggs acted for Quartz Investments. KWB were joint agents with John Truslove.

John Truslove was named Most Active Agent in Worcestershire for two years in a row in 2020 and 2021 in the Radius Data Exchange survey produced in conjunction with EG, the commercial property market magazine.

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For more information, contact:

John Truslove, Daralbee House, Archer Road, Redditch, B98 8DJ

01527 584242

Editor’s Notes

Redditch-based chartered surveyors and valuers John Truslove was established by John Truslove in 1981 and has become the market leading independent agent for commercial property in North Worcestershire and North Warwickshire as well as the wider West Midlands.

For the year 2021, joint managing director Ben Truslove was ranked second most successful dealmaker in the UK in the 2021 EG Radius On-Demand Rankings. He negotiated 89 sales and lettings during the year in a top ten dominated by partners from all the UK’s leading property agencies. He was the top industrial and commercial property agent in the West Midlands.

The agency, John Truslove, came first in Worcestershire and third in Warwickshire.

It follows on the success from 2020 and 2021 when the firm was named Most Active Agent in Worcestershire for two years in a row in the Radius Data Exchange survey produced in conjunction with EG, the commercial property market magazine.

Joint managing director Ian Parker was also named Worcestershire Dealmaker of the Year AND Warwickshire Dealmaker of the Year for 2020. The survey year, which runs from August to August, saw John Truslove record a 36% increase in deals negotiated over the 12 months.

Issued by Andy Skinner of ASAP PR, mobile 07990 978257.