11 Mar 2009
Opportunity Knocks If You Have Money
The investment market of 2009 presents many challenges because of a shortage of available funds, but there remain compelling reasons to invest in commercial property
02 Feb 2009
North East England Commercial Property Review
David Nicholson provides his views on the North East of England commercial property market
19 Mar 2008
Kilpatrick Completes 1.8M Pound Double Deal
Two investments purchased within Rutherglen and Blantyre
Date: 10 Feb 2010
Project: James Barr Acquires Kwik Fit
Contact: Jamie Thain
Email: jthain@jamesbarr.co.uk
Acting on behalf of CBRE Investors, James Barr has acquired the investment interest in the Kwik-Fit motorist centre at 4 & 6 McDonald Road in Edinburgh from Kwik-Fit Properties Ltd.
The new purpose built motorist centre, which extends to approximately 969 m² (10,430 ft²), is let to Kwik-Fit (GB) Ltd on a new 25 year full repairing and insuring lease, expiring on 1 September 2033.
The price paid was £1,352,000 which reflected a net initial yield of 6.01%.
Jamie Thain, Director of Investment at James Barr commented:
“We are delighted to have successfully acquired this investment for our client CBRE Investors and are confident that it will perform well for them going forward. This investment offers a rare opportunity to acquire a property of this type in a busy city centre location.”
For further information please contact Jamie Thain