Commercial Portfolio is brought to the market

September 26, 2017 2:10 pm

 KAVANAGHS COMMERCIAL PROPERTY MANAGEMENT are delighted to announce that they are bringing to the market, with Joint Auctioneers ALLSOP, a mixed use portfolio or properties in Melksham. The properties are to be sold at auction on Wednesday 18th October in London.

Stephen Brickell, Commercial Property Manager, commented “ We were approached by an existing client who wishes to downsize his portfolio to concentrate on other ventures. The properties are available as a whole or in single lots and comprise five properties, some with residential upper parts, all situated in the centre of Melksham. The retail sector in Melksham has always remain buoyant, bucking the national trend, so an incoming purchaser can have a high degree of confidence in the local retail economy which is characterised by a lack of available space and still strong tenant demand which has kept rents achieved robust even in the recent challenging economic times.

I am particularly pleased to once again be working with Duncan Moir of Allsop who is the undoubted leader in his field.”

Duncan Moir of Allsop commented “The portfolio is an interesting mix with a range of good covenant strength in this well performing town. The yields range from 10-13% giving the investor a good return on their capital. The catalogue and full sales packs are live on our website and we are anticipating strong demand as the lots are suitable for private investors and SIPP investors also.”