Our client was looking to sell the property he owned. After running a successful newsagent and off licence for many years, our client sold the business including the shop and one flat to a tenant on a leasehold basis. The other two flats in the property were already let.
After several years he decided that the best option for him to facilitate his retirement plans, was to sell the freehold. The property generated an annual rental income of £23,000 and sold to an investor from London.
- Client: Commercial Property Investment Opportunity, Birmingham