Acting on behalf of a property company , FWB , have sold the Halifax Bank at 92-93 Westborough in Scarborough to a private investor. The property is let to the Halifax for a further 9 years and was sold for a price of £1.2mill reflecting a yield of 7.1%.
FWB have sold three retail investments in Whitefriargate , Hull to local investors. The pedestrianized street is home to M&S , HMV and New Look who sit alongside a number of regional and local occupiers. The buildings let to Card Factory and various local companies, are currently income producing and offer potential for further development with residential uses now reappearing in central Hull.
FWB have sold Unit 1 Commondale Road at Euroway Industrial Estate, Bradford of behalf of Bramall and Ogden Ltd. The Minster Insulation depot is situated alongside the M606 and benefits easy access and a good service yard. The investment attracted a large number of offers in what was a very competitive bidding process and a price over £1.7m was achieved.
Acting on behalf of Riseholm Properties ltd , Fawley Watson Booth have sold a prominent site comprising former garage showrooms, and workshops on 1.4 acres on Wombwell Lane in Barnsley to a locally based property company at a price in excess of the asking terms . The site is let to a variety of tenants and produces a strong income stream.
Acting on behalf of a locally based private investor FWB have acquired the freehold of the Jack Wills shop at 24 James Street in Harrogate as a prime investment on an off market deal. The attractive shop sits in a prominent trading position and is let to Jack Wills until 2025.
FWB have represented CCLA investment Management (on behalf of the LAMIT Fund) in acquiring 13-17 Coney Street, York. The property occupies a prime position on Coney Street in the heart of this historic City and is let to Waterstones Booksellers, 3 Store and Rituals Cosmetics. The acquisition at £7.6 mill showed an initial yield of 5.4%.
Acting on behalf of Granwood Holdings, FWB have acquired the freehold interest in a prime retail unit in Harrogate let to Burtons until 2015. The unit occupies a very prominent position in the town, sandwiched between Marks and Spencer and Boots.