We are pleased to announce the successful sale of a significant investment property located in the centre of Little Sutton. The property consisted of four retail units and a parcel of vacant land to the rear. Three of the shops were already let, producing an annual income of £30,000, while one shop remained vacant and required modernisation. The undeveloped land extended to 0.25 acres.
The asset was sold in conjunction with joint Auctioneers BTG Eddisons for a sum of £508,000 to a regional investment purchaser. The sale attracted considerable competition, highlighting the opportunity for value enhancement through proactive management and further investment. We extend our congratulations to the new owner.
As Justin Rice-Jones noted, “The properties generated substantial interest, owing to the potential for value addition through active management and investment. This resulted in a highly competitive bidding environment and an impressive final sale price.”
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