Barnsdales Sell Prime Motor Dealership Investement
Published: 15th March 2018
Acting for a private client Barnsdales have sold St Leger House, Doncaster, currently let to Ringways and trading as Kia.
Barnsdales were instructed to find a buyer for the investment in February 2018 and quickly agreed terms with AEW a London based Fund at £1.2m reflecting a Net Initial Yield of 6.81% after purchasers costs of 5.93%. The sale completed in March 2018.
The property comprised 12,593 sq ft of showroom, workshop and offices on ground and first floor.
Jason Barnsdale, Managing Director at Barnsdales who concluded the deal commented "I am delighted we were able to sell such a prime property off market, very quickly and achieve such a strong price, this shows the strength of our market contacts and our ability to deliver superior returns for our clients".
Jason went on to say "we have a strong client base throughout the UK all of whom are either buyers or sellers depending on their cyclical or counter cyclical investment rationale; we are always looking for new investment acquisitions and sales across all market sectors and we would encourage property investors to make contact".