Acting on behalf of private clients, Legat Owen have acquired 790-794 Borough Road, Birkenhead, which is let to Tesco, Iceland and William Hill.
The property was purchased for £1,700,000 reflecting a net initial yield of 7.37%.
James Lutton, Director at Legat Owen, who handled the transaction commented:
The property was secured in an off-market deal and underlying covenant strength together with the densely populated neighbourhood location provides a secure long term investment for the client.
