9 February, 2018

Retail Investment Sold in Shotton

Acting on behalf of private clients Beresford Adams Commercial have recently sold 70-72 Chester Road West, Shotton, Deeside, CH5 1BZ to a local buyer.  The premises comprised two adjoining converted retail/office units, one let to the local MEP and the adjoining unit to a computer retailer, providing a combined rental of £10,122 pa.  The property was sold at a figure close to the asking price around £130,000.

 Justin Rice-Jones who handled the sale commented ‘this was a competitively priced secondary investment and a reasonable degree of interest was shown in the local market.  Subject to sensible pricing premises will sell offering a return of just under 10% and we are pleased that we have been able to conclude a sale for the vendor’.