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.



Local retail fund GP acquire Sainsbury’s store in Bournemouth

wantspacegotspace.co.uk - Local retail fund GP acquire Sainsbury’s store in BournemouthActing on behalf of Local Retail Fund GP, Aiken Commercial and Waypoint Asset Management have acquired the freehold investment in 501 – 509 Wimborne Road, Bournemouth from a private client of London Clancy.

Local Retail Fund GP is an unlisted fund which Waypoint Asset Management manages on behalf of Schroder Property Investment Management, to invest in assets ranging from stand-alone convenience stores through to convenience store anchored neighbourhood parades. The latest acquisition on Wimborne Road was constructed 4 years ago and trades as a Sainsbury’s Local.

The ground floor retail area was let on a 15 year lease to Sainsbury’s at £56,000pa.

14 flats on the upper floors were let on long leases producing additional income of £2,800pa.

The investment was acquired at £835,000.

Posted by The Editor (wantspacegotspace) on 12th August 2013

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