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Email: info@redkiteland.com Phone: 0207 486 5777
Email: info@redkiteland.com Phone: 0207 486 5777

Breakup of Maple Holdings Portfolio

Following the purchase of a Nationwide Granular Retail Portfolio on behalf of Maple Holdings (see news article 27/09) the first 2 properties have been sold to a private SIPP being The Mill Road Group.

The properties were Freeholds at 44- 45 High Street, Dudley let to the Co-Op Travel and 1 Horsefair, Pontefract let to the YMCA.

Combined income was £57,500 for leases both expiring in 2024.

The sale price was £705,000 reflecting a NIY of 7.75%.

Is the retail investment market dead – we don’t believe so!

Red Kite asset managed these properties on behalf of Maple Holdings with Mark Sachon of Gatehouse.