April 2018
Investment Sale
Okehampton : Co-op, Market Street

  • Passing Rent: £215,000
  • Net Initial Yield: 6.0%
  • Price: £3,365,000
Fawcett Mead has recently advised on a lease re-gear and subsequent investment sale of this supermarket investment, which was let to Co-op for a term of 10 years. The property was sold on behalf of Kennedy Wilson to West Devon District Council, and the price of £3,365,000 reflected a NIY of 6%. Savills advised West Devon District Council. Richard Bashford commented: “After working with the occupational tenant to re-gear the lease and complete their asset management plan, our client was very pleased with the price achieved on this investment sale." [read more]

February 2018
Investment Sale
Whitstable : Unit 1, 134 Cromwell Road

  • Let to the Southern Co-Operative Ltd on a new 15 year lease
  • Passing Rent: £80,000 per annum
  • Net Initial Yield: 5.38%
  • Price: £1,400,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Whitstable. The property is let to the Southern Co-Operative Ltd on a new 15 year lease without breaks. A sale price of £1,400,000 reflects a net initial yield of 5.38%. [read more]

December 2017
Investment Sale
Cardiff : 4 Station Road

  • Let to The Co-Op Food Group on a new 15 year term
  • Passing Rent: £60,000 per annum
  • Net Initial Yield: 5.40%
  • Price: £1,050,000
Fawcett Mead are pleased to have acted on the sale of this convenience store located in the Radyr area of Cardiff. The property is let to The Co-Operative Food Group Limited for a term of fifteen years. Joe Baio commented "We are delighted to have completed the sale of this well-let convenience store in Cardiff at an attractive price for our client." [read more]

October 2017
Investment Sale
Skewen : 42-43 New Road

  • Let to One Stop Stores Limited
  • Passing Rent: £31,500 per annum
  • Net Initial Yield: 9.21%
  • Price: £330,000
Fawcett Mead are pleased to have acted on the sale of this high-yielding retail investment in Skewen. The property is let to One Stop Stores Limited with a lease expiry in August 2022. A sale price of £330,000 reflects a net initial yield of 9.21%. [read more]