Freehold investment deals strike Sussex and Staffordshire

Our Peterborough agency has just completed the sale of two freehold retail investments in Chichester and Stafford.

The first deal saw 13 North Street, a four-storey retail premises in Chichester’s pedestrianised city centre, sold on behalf of a retained property client to a private pension fund, represented by Flude Property Consultants. Currently leased to Randox Laboratories Ltd., the property was sold for £475,000.

Meanwhile in Stafford, the team sold the 15 Market Square in the town centre on behalf of a private property company. While the final sale price remains undisclosed, it had a guide price of £500,000. This freehold investment is currently leased to Barclays Bank PLC, expiring in 2029.

In confirming the transactions, Gavin Hynes, who led the agency team on both deals, said, “We’d reference these two transactions as a fair reflection on the current investment market in this sector.

“Retail still has an appeal to investors, but it has to be the right location within the right town. A number of our clients are back buying retail again and, if priced correctly, we are seeing strong demand for retail investments across the UK.”