Edwards & Co sell Spar convenience store in Widnes for £815,000.
Written 5 years 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".