On behalf of a private client, Hallmark Real Estate Group has successfully sold a 3,830 sq ft retail store let to McColl’s for £445,000, a 6.9% yield.

Howard Frankel, head of Asset Management, noted,

“Despite having only 5 years left on the lease, due to the application of our robust strategic asset management techniques, we were able to achieve a strong sale price, some 20% above the estimated value”.