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Investment
News and Deals
Trowbridge
Coast Property and Finance Group has acquired the freehold interest in
a motor showroom property for £1.25m.
The company has acquired the prominent 1.84-acre site occupied by the
Ford car dealership, Reeds of Trowbridge. The premises are let to Reeds
on a 25-year lease from 1994 at a current rental of £85,000 pa,
subject to a fixed increase in 2008. The property is situated on the commercial
location of Canal Road, Trowbridge.
The freehold interest has been acquired by Coast Property and Finance
Group, advised by Hartnell Taylor Cook LLP and Atisreal advised the vendor,
Cabot Trustees Ltd.
Burston Cook acting on behalf of private investors have acquired the freehold interest in 9 & 10 Brunswick Square, Bristol.
The property, comprising offices totalling approx 568 sq m, with 12 on site car spaces, is let to Second Step Housing Association on fri terms at a rental of £59,500 pax.
The freehold purchase price was in the region of £900,000, equating to £147 psf.
The vendor’s agents were Mellersh & Harding.