Savills, on behalf of a private vendor, has sold the freehold of Garrick House at 9 High Street in Glinton, Peterborough to a local investor for a guide price of £425,000.

The 5,000 sq ft (465 sq m) two-storey building provides 11 serviced offices, 2 residential apartments and car parking. The offices are currently let to several occupiers on short-term and flexible leases at ‘all-inclusive’ rents, with one suite currently available for occupation.

Edward Gee, associate in the business space team at Savills Peterborough, comments: “Serviced office accommodation has become increasingly popular in recent years due to an increased number of start-up companies. We are delighted to have sold the building on behalf of our client and we look forward to working with the new owners.”