The Hallmark Group

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The Hallmark Group

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Hallmark disposes of a Prime Town Centre Retail Unit in South Shields
18 May

Hallmark disposes of a Prime Town Centre Retail Unit in South Shields

Hallmark Real Estate Group, on behalf of a private client, has disposed of a 6,000 sq. ft. high street retail unit.

The property in South Shields, Tyne & Wear sold to an undisclosed purchaser for a 9.6% yield. The entire property is let to Luxury Leisure, trading as Admirals amusements until 2021.

Gabriel Kada of Hallmark Asset Management said: “The sale outperformed our original expectations and consolidates our strategy to focus on prime real estate.”

The vendor was represented by Singer Vielle.

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The Hallmark Group

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28 Leslie Hough Way

Salford M6 6AJ

United Kingdom

Tel: +44 161 696 7000

Fax: +44 161 696 7001

Email: info@thehallmarkgroup.com

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