Spar Convenience Investment Acquisition

Spar Convenience Investment Acquisition, Jubilee Road, Shildon, County Durham

CPNE have completed the acquisition of a Spar convenience store investment in Shildon on behalf of private clients. The purchase reflected a net initial yield to the purchaser of 6% with reversion to 10% following the letting of a vacant shop in the parade which completed shortly after the purchase.

Andrew Wilkinson acted on behalf of the purchaser.  CPNE have an active requirement for similar income producing retail shops and shopping parades.

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