Acquisition of Freehold Retail Investment: Barrow-in-Furness

Private Investment Clients of Fifield Glyn have purchased a Freehold Retail Investment, 103/105 Dalton Road, Barrow-In-Furness from Altrincham based Mutley Properties (Holdings) Ltd.

The property is let to Poundstretcher Properties Ltd. on a 25 year FRI Lease from 29 September 1989 at a rent of £69,000 pa, subject to upward only rent reviews every 5 years.

The purchase price of £745,000 represents a net initial yield of 8.76%.

Fifield Glyn 01606 351 351