KAVANAGHS COMMERCIAL PROPERTY MANAGEMENT are delighted to announce the acquisition of a mixed use commercial investment in Cirencester on behalf of private clients.
Stephen Brickell, Commercial Property Manager, commented “we are delighted to have successfully concluded the purchase of 53 & 61 Castle Street in Cirencester on behalf of our client who is a private investment company. Our client purchased the adjoining property earlier in the year and as a result we were approached privately by the owners of 53 & 61 Castle Street to enquire if our client would be interested in purchasing their property also. We leapt at the opportunity to agree a purchase of the property which comprises of two adjoining ground floor retail units with a self-contained residential flat above. The purchase represents a near double digit return on capital for our client even before taking into account any marriage value with their first purchase.
Our client is in the enviable position of having surplus investment funds and asked us to seek out and identify suitable investment opportunities for them across southern England which were high yielding and offering asset management opportunities. We carried out inspection and full investment appraisal and valuation. We have been instructed to manage the property for the client post completion and are looking forward to the exciting management opportunities this property offers in the future.”
Kavanaghs offer a full investment search and acquisition service for clients along with comprehensive commercial property management service. For further information, or for a confidential discussion on any commercial management issues you may have contact Stephen Brickell at Kavanaghs on 01225 341490.