A prime Leamington Spa commercial investment has been sold by Bond Wolfe in just seven days.
The property at 34 The Parade, which is fully let to McDonalds Real Estate LLP, has been purchased by Citivest Ltd for an undisclosed sum.
James Mattin, managing director agency at Bond Wolfe, said: “We are delighted to have concluded yet another prominent investment sale, in such a short timescale.
“The property was placed under offer within seven days after numerous bids were received – very much reflective of the current market for investment opportunities in sought-after locations let to strong covenants.
“There were numerous under bidders for this opportunity, so we urge owners of similar properties to contact us to take advantage of this competitive market.”
The property is fully let to McDonalds Real Estate LLP for a term expiring in June 2032.
James Mattin added: “This was a very much sought-after covenant in an attractive location in a popular spa town with a beautifully picturesque town centre. It is just one of a number of investment opportunities we are currently bringing to market, in what is currently a very competitive market.”
Citivest Ltd was represented by TDB Real Estate and advised by law firm Kingsley Napley in London. CBTC Solicitors in West Bromwich advised the seller.
