-Solus retail unit investment with 9.82 years unexpired
-Passing Rent: £170,346
-Price: £1,880,000
-Net Initial Yield: 8.53%
Acting on behalf of CBRE IM, Fawcett Mead are delighted to announce the successful sale of 9 Ormskirk Road, Wigan.
The property is let entirely to A Share & Sons Limited (t/a SCS) until 14th January 2032 at a rental of £170,346 per annum.
The purchase price of £1,880,000 reflects a net initial yield of 8.53%.
Tom Heptonstall commented "We were delighted to conclude the sale of this solus retail investment. We had a number of competitive offers and we were delighted to achieve an attractive exit price for our client. It was fantastic to work with Charlie Neil of TW Keil, who acted for the purchaser."
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