Pension Fund clients have acquired a recently completed drive thru and retail investment adjacent to the A52 in Talke to the north of Newcastle under Lyme. The development, which comprises 3,260 sq ft in 2 buildings and 38 car spaces on a 0.75 acre site, is let to Costa and Greggs at a combined annual rent of £107,000 pa. At a purchase price of £2m this reflects a net return of 5.2%.


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