HTA Real Estate have recently disposed of a securely let, convenience store investment in Tingley, Wakefield on behalf of a retained asset management client.
HTA RE acted on behalf of the vendor and secured a purchaser 'off market' after a targeted marketing campaign. The property is let to Tesco with 8.25 years unexpired on the lease and RPI linked rent reviews. The property occupies a prominent roadside frontage in Tingley in a densely residential area.
Douglas Cranston commented "This was a fantastic result for our long-standing client. Following asset management we have disposed of the asset. This has generated additional funds to capitalise new developments that the client is underway with in the convenience sector. Our client is very active on the development side of things and keen to acquire further roadside / convenience suitable sites of c. 0.5 acres - 1 acre in the North East'.
