Lunson Mitchenall completes disposal of two trade counter sale and leasebacks

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”