Edwards & Co sell prominent retail parade in Eccles for £730,000.
Acting on behalf of Georgetown Carr, Edwards & Co have sold a well located multi-let retail parade for £730,000, reflecting a Net Initial Yield of 8.13%.
The parade is let to William Hill, DP Realty and Subway at an annual rent of £62,600 and occupies a busy position in a densely populated residential area.
Martin Hamer, Investment Director at Edwards & Co, comments "We are delighted to have disposed of this well-located Investment on behalf of Georgetown Carr. Market sentiment is generally apathetic towards the retail sector, but this deal demonstrates investor confidence remains for well-located suburban parades serving the local market and let to strong tenants."