December 2017

Investment Acquisition – South Wales

Acting on behalf of retained clients, Legat Owen have advised on the acquisition of a Co-Op convenience store in Llandybie, Ammanford. The property included a separate first floor flat and provided a total income of £55,100.

Acting on behalf of the purchaser, James Lutton commented:-

Showing a yield of 6.5%, this reflected good value given many of the comparable Co-Op transactions, particularly with 13 years remaining on the lease.

James Lutton, Director