ACQUISITION OF LONG-DATED INCOME INVESTMENT WITH OPEN A1 CONSENT

ACQUISITION OF LONG-DATED INCOME INVESTMENT WITH OPEN A1 CONSENT

On behalf of Trust clients, Tim Harries & Partners acquired this freehold road-side investment let to Halfords Autocentres Limited, the UK’s leading MOT and tyre specialist.

The investment provides the clients with long-term secure income, with the added attraction of development potential provided by the property’s open A1 planning consent and location adjoining the town’s prime retail park.

The investment was acquired for a price of £480,000 which reflected a net initial yield of 6.5%.