​Edwards & Co sell Spar convenience store in Widnes for £815,000.

Written 1 year ago on 18th Jan 2019

Acting on behalf of Georgetown Carr, Edwards & Co have sold a well located 3,247 sq.ft. single-let convenience store for £815,000, reflecting a Net Initial Yield of 6.5%

169A Ditchfield Road is let to James Hall & Co (t/a Spar) at an annual rent of £55,930. It has 8.5 years unexpired and the lease incorporates RPi linked rent reviews.

Martin Hamer, Investment Director at Edwards & Co, comments "We are delighted to have disposed of this modern and well-located convenience store on behalf of Georgetown Carr. Following our initial marketing, we were able to very swiftly generate strong interest and we were pleased to be able to present our clients with several offers, with the property selling ahead of the asking price".

Property search

MOAF: Office take up exceeds 300,000 sq ft in Q1

Andrew Timms, 3 months ago
A total of 58 office lettings equating to 306,000 sq ft were signed in the first three months of 2020, but Covid-19 is...
Read more

Hanover House office fully let after refurb

Oliver Woodall, 3 months ago
Following an extensive refurb by Workspace and Sheila Bird, IT support services firm Everything Tech has taken 2,500 sq...
Read more