Eddisons appointed to sell £7.5m retail and hospitality portfolio
Eddisons has been appointed to sell a retail and hospitality portfolio with a guide price of £7.5m.
The Fenwall portfolio, made up of nine properties, generates a total annual rental income of £550,000. The assets include the Stafford branch of Barclays Bank and two Costa outlets in Bolton and Downham Market in Norfolk.
Some are historic buildings, such as a vacant Grade II listed Regency building on Cheltenham’s famous Promenade and an ornate three-storey Victorian property in Malvern let to hospitality group Loungers UK.
Eddisons has been appointed to sell a retail and hospitality portfolio with a guide price of £7.5m.
The Fenwall portfolio, made up of nine properties, generates a total annual rental income of £550,000. The assets include the Stafford branch of Barclays Bank and two Costa outlets in Bolton and Downham Market in Norfolk.
Some are historic buildings, such as a vacant Grade II listed Regency building on Cheltenham’s famous Promenade and an ornate three-storey Victorian property in Malvern let to hospitality group Loungers UK.
Stephen Hawkins, regional managing partner at Eddisons, said: “These are diverse and high-performing assets that we have been instructed to sell as a whole or individually. A strong tenant profile includes Costa, Vodafone, Barclays, Loungers UK, restaurant chain Côte and health testing company Randox.
“The vacant Cheltenham property has scope to increase annual rental income to £610,000 once it is let, and we are expecting high levels of interest from a range of investors for this portfolio.”
The nine properties that make up the Fenwall portfolio are located in Bolton, Hoylake on the Wirral, Stafford, Malvern, Cheltenham, Newbury, Chichester, Lewes and Downham Market.
Photo from Eddisons
