Pizza Express on Ashley Road, Hale has been sold to a private investor. The property comprising of leisure premises on ground and basement with residential upper floors has a total annual rental of £49,950.
The Property sold for £990,000 which reflects a Net Initial Yield of 4.77%,
Oliver Rowe, who acted for the vendor, Goldcom Properties comments:
“Hale continues to be an attractive investment location for purchasers, and this particular property, with its strong tenant line up, and long income profile generated significant investor interest”
Martin Hamer from Edwards and Co acted for the purchaser