Retail Courtyard Acquisition : Blackhall Yard, Stricklandgate, Kendal

Acting on behlaf of Bolton based Townson Estates Plc, Fifield Glyn have acquired Blackhall Yard, Kendal from Cheval Properties.

The property comprises a specialist retail courtyard of 14 units situated between Stricklandgate and the Westmoreland Shopping Centre.

The courtyard was purchased for £1,315,000 representing a net initial yield of 9.0% based on a current rent of £125,100 pa which is considered to be reversionary.