Bruton Knowles Signs Major Commercial Deal Before Stamp Duty Hike

Posted on 18 March, 2016 by Chris Grigorovsky

Bruton Knowles dodged the budget bullet by acquiring a multi-let investment just hours before the Stamp Duty hike took effect, saving the client £20,000 in extra duty.

Bruton Knowles Signs Major Commercial Deal Before Stamp Duty Hike

The Language Business Park deal was signed off by Mark Slade from Bruton Knowles before the midnight deadline.

He said: “We had to be on our toes to tie off all the loose ends before the Midnight deadline, as we heard the Budget statement early Wednesday afternoon and we were not quite ready to exchange.”

The 39,643 sq ft multi let investment was acquired for £3.1 million and comprises four occupied units at Drakes Court on the Language Business Park in Plymouth.

Mr Slade concluded: “Our long term client had been seeking a ‘clean’ investment for some time and this seemed to fit his criteria perfectly.”

Language Business Park has a mixture of industrial, distribution, manufacturing and trade counter uses. Nearby occupiers include an EE Call Centre, Dixons, Toyota and Audi car showrooms.

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