Want Space Got Space - Offices, retail and industrial space Want Space Got Space - News about how to find and advertise commercial property to let, rent or sell in England, Wales and Scotland including Offices, Warehouse, Commercial, Manufacturing, Shops and Retail.

 

Categories:

DTZ advises private property company on the acquisition of Leeds Iceland supermarket investment

wantspacegotspace.co.uk - Tushingham Moore, Investment sale - DTZ advises private property company on the acquisition of Leeds Iceland supermarket investmentDTZ Leeds, has acted on the acquisition of a new Iceland supermarket at 255 Dewsbury Road in the Beeston area of Leeds.

A private property company has acquired the freehold interest in the new supermarket.  DTZ acted for the purchaser who acquired the property which is subject to an unbroken lease to Iceland Foods Ltd of 15 years. The deal represents a net initial yield of 7%.

James Lawlor, Associate Director in DTZ’s investment team said: “The unbroken lease term of 15 years and strong tenant covenant provides a secure income stream from an occupier which we believe will trade well from its new location along Dewsbury Road. The deal represents good valuer for the purchaser, particularly given that unbroken 15 year lease terms are becoming ever more difficult to achieve in the smaller food store market.”

Tushingham Moore advised the vendor.

Posted by The Editor (wantspacegotspace) on 27th November 2012

Back to news list

 Surrey  Leeds  Leicester  Derby  Nottingham  Birmingham  Manchester  London  Essex  Milton Keynes  Northampton 
 Kettering  Cardiff  Basingstoke  Dorset  Shrewsbury  Bristol  Southampton  Reading  Bolton  Coventry  Swansea  High Wycombe 
 Corby  Rugby  Worcester  Chelmsford  Lincoln  Bedford  West Sussex  Doncaster  Wolverhampton  Telford  Croydon  Slough 
 Cornwall  Solihull  Sittingbourne  Luton  Watford  Portsmouth  Ashford  Greater Manchester  Fareham  West Malling  Kings Hill  Middlesex