The Bradford office of Chartered Surveyors Eddisons has been appointed to market over 40,000 sq ft of retail and office space in Shipley, near Bradford.
This includes Thomas Duggan House, a retail and office investment in the heart of the town centre, which is primarily let to Lloyds TSB and Yorkshire Building Society. Current annual rental income is £117,000.
Eddisons is seeking offers in the region of £1.45m, which reflects a net initial yield of 7.4%.
Meanwhile, offers in excess of £695,000 are being invited for the Wellcroft Centre, which currently produces income of £58,800 per annum from tenants including Santander and Thompson Travel.
Other nearby retailers include Asda, Costa Coffee and Boots.
John Padgett of Eddisons said: ‘These properties are in a prime location and represent excellent investment and asset management opportunities, with the bulk of the income secured against blue chip tenants.
‘They should appeal to serious investors looking for high yields.’
Eddisons is acting on the instructions of T. Perkin and T. Webb of CBRE acting as Joint Fixed Charge Receivers
Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.
In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.
Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.