Edwards & Co Acquire Brand New Convenience Store in Thornton Cleveleys for Private Clients
Acting on behalf of a private clients, Edwards & Co have acquired a brand new convenience store in Thornton Cleveleys. Totalling 4,325 sq.ft. and occupying a prominent position in a dense residential area, the premises were purchased for £1.1m.
The property is let to Co-Op on a 15-year lease, incorporating CPi linked rent reviews, and produces an annual rent of £55,000.
Martin Hamer of Edwards & Co comments: "This is a fantastic investment opportunity for our client. Not only is Co-Op an exceptional covenant, but the convenience store is located in an excellent position within a thriving residential area."