NR Investments (the investment arm of Nolan Redshaw) can announce the acquisition of this high-profile investment on behalf of private clients. Offered to the market at £9,400,000 this dual-income investment boasts both Marks and Spencer PLC and Pets at Home PLC as tenants.
M&S was the fastest-growing major food retailer over the last year, with the business generating its highest ever Christmas sales. Pets at Home profits jumped over 80%, as the boom in pet ownership continued to increase over the past 18 months. Nolan Redshaw highlighted these areas of growth along with its prominence and location.
Surveyor Jonathan Pickles said, “Due to the calibre of the asset, interest in this site came from national and overseas investors. There were a number of competitive bids, and we ensured our clients were represented with the upmost professionalism ultimately leading to the successful transaction in under 10 working days”.
Ian Liddle at Farley’s Solicitors represented the purchaser on legal matters with Luke Wilson CBRE acting as the vendor’s investment agent.
For more information please click here: Prestwich M&S and Pets at Home