The property which was developed by David Hopkinson Ltd was let on a new 20 year lease to MKM Building Supplies Ltd who report trade well ahead of expectations since opening in January.
AWS successfully completed the sale of the investment at a price in excess of £1.6m representing a net initial yield of below 6.5% for this prime builder’s merchant investment.
Kevin Surplice commented: -
“this is that fourth MKM Builders Merchants that AWS have sold and with the improvement in the investment market and covenant strength of MKM represents the lowest yield achieved so far”.
