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News | Independent Commercial Property Agents | PAI

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Former government offices acquired

Monday, 16 October 2017

Former government offices acquired

Acting on behalf of a private investor, Peill & Company, the PAI member for Cumbria, Lancashire and the Lake District, have acquired the former Valuation Office Agency offices at Glynis House, Ulverston, Cumbria. The property extends to a total of just under 10,000 sq ft, plus on-site car parking for around 45 vehicles. 

Simon Adams, of Peill & Co commented, “We were pleased to be able to secure the purchase of this vacant property on behalf of our clients, as it offers a good asset management opportunity. The offices are to be refurbished and let to a range of occupiers, including some serviced offices, and in single floors. Longer term, the property offers some excellent redevelopment prospects, as the building sits on a large site”. 

Peill & Company’s property management department has been instructed for the ongoing management of the building, and their building surveying department will be advising on the refurbishment and longer-term asset management opportunities.