September 2016

Acquisition in Birkenhead

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.

James Lutton