Lunson Mitchenall completes disposal of two trade counter sale and leasebacks

September 24, 2020

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”

quote-open

We are delighted to have completed both the transactions at ahead of our asking price and achieving a great result for our client
James Cogavin, Director, Lunson Mitchenall

quote-closed

- WE ARE HIRING -Lunson Mitchenall are on the hunt for new talent to add to our market leading r....
lunsonmitchenall
- WE ARE HIRING -
Lunson Mitchenall are on the hunt for new talent to add to our market leading retail and leisure agency team.
We are:
▪️The UK’s leading, independent specialist retail and leisure practice
▪️Advising on some of ...
icon Posted:
💥 💥 New store opening 💥 💥Great to finally get the Sky store open at Metrocentre brin....
lunsonmitchenall
💥 💥 New store opening 💥 💥
Great to finally get the Sky store open at Metrocentre bringing the Sky Mobile / Sky Broadband and Sky TV business into one dedicated customer hub.
Another @lunsonmitchenall letting for Sovereign Centros. For ...
icon Posted:
Japanese streetwear brand - A Bathing Ape - has just opened its stunning London flagship store o....
lunsonmitchenall
Japanese streetwear brand - A Bathing Ape - has just opened its stunning London flagship store on corner of St George St and Conduit St in Mayfair.
8,000 sq ft over 4 retail floors. GF is collaborations, basement Baby Milo ...
icon Posted:
Open the shops and they will come....Great to see shoppers back in their thousands this afternoo....
lunsonmitchenall
Open the shops and they will come....
Great to see shoppers back in their thousands this afternoon @lakeside
#lakesideshoppingcentre #retail #shopping #endoflockdown #essex
icon Posted:
Very excited to see the two Floating Pavillons arrive in Wood Wharf this week. The floating pavi....
lunsonmitchenall
Very excited to see the two Floating Pavillons arrive in Wood Wharf this week. The floating pavilions will be home to two unique restaurants and form the gateway to Wood Wharf creating some of London’s finest restaurants and bars. Each ...
icon Posted:
The new Tommy Hilfiger store is now open at Lakeside 🤩 @lakeside @tommyhilfigerFor more info ....
lunsonmitchenall
The new Tommy Hilfiger store is now open at Lakeside 🤩
@lakeside @tommyhilfiger
For more info on available space speak to Nick Hartwell and Will Hooper.
#Lockdowndeals #tommyhilfiger #retail #newstoreopening #shopping #lakesideshoppingcentre #globalmutual
icon Posted:
It has been a huge day today with the re-opening of non-essential retail and hospitality.The ear....
lunsonmitchenall
It has been a huge day today with the re-opening of non-essential retail and hospitality.
The early snow didn’t deter shoppers, drinkers and groups of friends who made the most of the pubs and non essential retail being re-opened.
Lots ...
icon Posted:
At LM we have a hugely multi-talented team and this weeks Wellness activity leader didn’t disa....
lunsonmitchenall
At LM we have a hugely multi-talented team and this weeks Wellness activity leader didn’t disappoint! George turned his hand at cocktail making and managed to talk everyone through 3 delicious concoctions. We think the photos prove it was a ...
icon Posted:
Ninja Warrior UK will be launching a new 18,000 sqft adventure park at The Broadway, Bradford th....
lunsonmitchenall
Ninja Warrior UK will be launching a new 18,000 sqft adventure park at The Broadway, Bradford this year. LM are delighted to have advised the Landlord and can’t wait to see the concept up and running with families, friends and ...
icon Posted:
A big happy birthday to Brent Cross celebrating 45 years this week. @hammerson_plc @aberdeenstan....
lunsonmitchenall
A big happy birthday to Brent Cross celebrating 45 years this week. @hammerson_plc @aberdeenstandard #brentcross #retail #shopping #london #londonlife
icon Posted:
Big thanks to Josh Myerson, Head of Rating at Montagu Evans for the interesting and insightful p....
lunsonmitchenall
Big thanks to Josh Myerson, Head of Rating at Montagu Evans for the interesting and insightful presentation on commercial business rates in the UK. The Q & A lead to a lively conversation and now to wait and see the ...
icon Posted:
LM Acquires Sutton Trade Park for Clipstone
Lunson Mitchenall
LM Acquires Sutton Trade Park for Clipstone The post LM Acquires Sutton Trade Park for Clipstone appeared first on Lunson Mitchenall.
Posted:
£2.75m disposal of mixed use healthcare investment for M7 Real Estate
Lunson Mitchenall
£2.75m disposal of mixed use healthcare investment for M7 Real Estate The post £2.75m disposal of mixed use healthcare investment for M7 Real Estate appeared first on Lunson Mitchenall.
Posted:
Lunson Mitchenall completes disposal of two trade counter sale and leasebacks
Lunson Mitchenall
Lunson Mitchenall completes disposal of two trade counter sale and leasebacks The post Lunson Mitchenall completes disposal of two trade counter sale and leasebacks appeared first on Lunson Mitchenall.
Posted:
Primark, Burton on Trent
Lunson Mitchenall
Primark, Burton on Trent The post Primark, Burton on Trent appeared first on Lunson Mitchenall.
Posted:
Lunson Mitchenall – Covid 19
Lunson Mitchenall
Lunson Mitchenall – Covid 19 The post Lunson Mitchenall – Covid 19 appeared first on Lunson Mitchenall.
Posted:
Paradise lands in Soho
Lunson Mitchenall
Paradise lands in Soho The post Paradise lands in Soho appeared first on Lunson Mitchenall.
Posted:
Brickwork takes Revo 2019
Lunson Mitchenall
Brickwork takes Revo 2019 The post Brickwork takes Revo 2019 appeared first on Lunson Mitchenall.
Posted:
Woking Borough Council continue with town centre regeneration with purchase of a leisure and retail...
Lunson Mitchenall
Woking Borough Council continue with town centre regeneration with purchase of a leisure and retail... The post Woking Borough Council continue with town centre regeneration with purchase of a leisure and retail block for £3.85m appeared first on Lunson Mitchenall.
Posted:
The Workshop Cafe+Cycles – Palma de Mallorca
Lunson Mitchenall
The Workshop Cafe+Cycles – Palma de Mallorca The post The Workshop Cafe+Cycles – Palma de Mallorca appeared first on Lunson Mitchenall.
Posted:
Palma de Mallorca in style
Lunson Mitchenall
Palma de Mallorca in style The post Palma de Mallorca in style appeared first on Lunson Mitchenall.
Posted:
Din Tai Fung opens their first UK restaurant in Covent Garden
Lunson Mitchenall
Din Tai Fung opens their first UK restaurant in Covent Garden The post Din Tai Fung opens their first UK restaurant in Covent Garden appeared first on Lunson Mitchenall.
Posted:

Load More

Sign up for our newsletter to keep up to date with Lunson Mitchenall