Christie & Co completes on sale of Central Stores Tavistock
Specialist business property adviser, Christie & Co, has completed on the freehold investment sale of Central Stores Tavistock, with a 7% net yield.
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This attractive mid-19th century, Grade II Listed building is well located on Abbey Place in Tavistock town centre, on the busy A386 trunk route that links the A30 with Plymouth.
The convenience store is let to Bestway Retail Limited for a term of 20 years, with six years left on the lease. Bestway are set to retain the lease, following the change in freehold ownership to a private investor.
Joe Brayne, Retail Business Agent at Christie & Co, who secured the new freehold owner, comments, “Buyer demand remains strong for convenience retail investments, especially where these are let to national multiple brands with long leases. If you’re interested in selling a retail investment property, please don’t hesitate to get in touch so we can help you maximise your return.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
M: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Joe Brayne, Business Agent – Retail
M: +44 (0) 7548 705 664 or E: joe.brayne@christie.com
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