Lunson Mitchenall, acting on behalf of Brewers, advised on the sale and leasebacks of two trade counters units located in Basildon and Crawley.
The units were sold in two separate transactions, Basildon was sold for £1.298m and Crawley was sold for £1.56m, both transactions reflecting a net initial yield of 5.20%.
James Cogavin, Investment Director at Lunson Mitchenall commented “We are delighted to have completed both the transactions at ahead of our asking price and achieving a great result for our client.”
“The demand for this type of asset offering long term certainty to a strong covenant at an affordable lot size was evident with strong levels of interest and competitive bidding from a host of investors”
Sign up for our newsletter to keep up to date with Lunson Mitchenall