SHW Investment Agency recently acquired a row of prime retail properties in Truro, Cornwall for a South West-based client.
The shops – each with multi-floor ancilliary areas – comprise 7,020 sq ft and are situated on the busy shopping area of Pydar Street. Existing tenants are Thorntons Plc, Holland & Barrett and Stormfront.
With each of the units categorised with a Creditsafe ‘Low-Risk’ rating, we were still able to put together a deal securing a 6% return.
Nick Bradbeer, Partner and Investment Surveyor for Stiles Harold Williams said: “The buyers were looking for a safe home for their money and have a strong connection to Cornwall. These properties ticked all the boxes on their investment wish list.”
