LV= Asset Management, advised by Edgerley Simpson Howe LLP, have sold the Halfords, Ringwood Road, Poole for £2.65 million reflecting a net initial yield of 7.75%. The property was purchased by Cromwell Holdings.
The unit comprises 14,574 sq ft at ground floor and is let to Halfords Ltd on a lease expiring in September 2017 at a rent of £14.93 per sq ft. The planning consent is for open A1 non-food use.
Stephen Smart & Company advised Cromwell Holdings.