Property Company clients of ours have recently completed the acquisition of a convenience store in Widnes at a figure of 615,000 reflecting a net initial yield of 6.25%. The property, which extends to 3,725 sq ft with on site car parking, is let to Martin McColl Ltd for 16.5 years from May 2017 at an initial rent of £40,000 pa with fixed rental uplifts throughout the lease. Savoy Stewart represented the vendor.


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