July 2018
Investment Sale
Isle of Wight : M&S Simply Food, Terminus Road, Cowes

  • Freehold town centre food store with annually received RPI linked income until 2035
  • Passing Rent: £188,803 per annum
  • Net Initial Yield: 4.50%
  • Price: £3,940,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Cowes, Isle of Wight. It is let to the excellent covenant of Marks and Spencer Food Ltd until May 2035. A sale price of £3,940,000 reflects a net initial yield of 4.50%. Jonathan Mills commented: "Food store index linked income is continuing to prove attractive to investors and we are delighted to have completed this sale for our clients, London Metric Plc". [read more]

July 2018
Investment Sale
Penrith : M&S Simply Food, 22-24 King Street

  • Freehold town centre food store with annually index linked income.
  • Passing Rent: £313,303 per annum
  • Net Initial Yield: 4.37%
  • Price: £6,720,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Penrith, which is well let to Marks and Spencer Food Ltd. A sale price of £6,720,000 reflects a net initial yield of 4.37%. Jonathan Mills commented: “Food store index linked income is continuing to prove attractive to investors and we are delighted to have completed this sale for our clients, London Metric Plc”. [read more]

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]