Knight Frank - York

Date: 20 May 2009

The Leeds office of international property consultancy Knight Frank has advised on the sale of Tower Court, Clifton Moor, York, for in excess of £3 million.

Tower Court was bought by Clifton Moor Investments, a subsidiary of Doncaster-based Lazarus Properties Ltd from the Falcon Property Trust, managed by CBRE Investors.

The 48,000 sq ft mixed-use development provides a neighbourhood shopping centre alongside with a busy medical practice. The rent roll is in excess of £400,000 a year.

Rebecca Farnsworth of the Leeds office of Knight Frank advised Falcon Property Trust.

Meanwhile Knight Frank has completed another investment deal involving Falcon Property Trust, advising on the acquisition of an industrial estate in Derbyshire for a private investor for £1.85 million.

The 56,000 sq ft Freshwaters Industrial Estate in Park Road, Holmewood, Chesterfield has a variety of tenants with a rent roll of more than £250,000 a year.

Rebecca Farnsworth of the Leeds office of Knight Frank commented: "These deals show there are people willing to transact in these challenging times when they have confidence in the underlying property fundamentals."

Tower Court, Clifton Moor, York

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