2/11/20 – Aitchison Raffety sells city centre nursery investment

Aitchison Raffety, a leading practice of chartered surveyors and town planners, has completed the sale of the freehold interest of the Busy Bees Nursery at 52 Bernard Street, St Albans, Hertfordshire, for £1.26 million.

Mark Bunting, Group Director & Head of Commercial Agency, commented, “The property proved popular partly because of the blue-chip tenant in the form of Busy Bees Nurseries Ltd and secondly the potential redevelopment opportunities for the site being located within a high density residential area.  There was sufficient interest to take the sale to best bids with the number of bids around the eventual sale price”.

Aitchison Raffety acted on behalf of an international client while the purchaser, a local investor, was unrepresented.

For further information please contact the Commercial Agency team on 01727 832 232.