Edgerley Simpson Howe LLP

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Recent investment Transaction

LV sells Halfords in Poole - Dec '11

22nd December 2011

LV= Asset Management, advised by Edgerley Simpson Howe LLP, have sold the Halfords, Ringwood Road, Poole for £2.65 million reflecting a net initial yield of 7.75%. The property was purchased by Cromwell Holdings.

 

The unit comprises 14,574 sq ft at ground floor and is let to Halfords Ltd on a lease expiring in September 2017 at a rent of £14.93 per sq ft. The planning consent is for open A1 non-food use.

 

Stephen Smart & Company advised Cromwell Holdings.