Social Network

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

Wilkinson Store in Lancaster purchased for £4.55m showing 6.5%

A Wilkinson Store in Penny Street, Lancaster was purchased in April 2009 for the sum of £4.45 million. Reflecting an initial yield of 6.5%, there is a fixed uplift in 2014 to over 8% and there will still be 15 years remaining on the lease. Debt of £3.45m was geared against property from RBS which was purchased for a Private Family Trust.

Wilkinson Store Lancaster

Wilkinson Store Lancaster