Single Let Specsavers Investment Sold for Private Client
We are very pleased to confirm that in Q3 2017 Johnson Tucker sold this retail investment situated in Ashington. The property was entirely let to Specsavers, an undoubted covenant with annual turnover in excess of £433m.
The property is entirely let to Specsavers Optical Superstores Limited at £18,000 per annum on a 10 year lease with effect from 25 December 2012 ending on 24 December 2022.
The property was marketed and received some strong interest. The property was subsequently sold at in excess of the asking price of £195,000 (9.02%). A sale at this level demonstrates the continued demand for commercial property investment in the North East.
If you would like advice on when to sell your investment or how to maximise its potential and, in turn its sale price please contact Daniel Capobasso. Equally, if you are looking to acquire commercial property investments Johnson Tucker have the resources to find off-market opportunities to suit all client requirements.
0191 269 7897