Cooke & Arkwright

Ice yields

20/04/2010

Acting on behalf Jay Allied Assets Ltd, our Investment Agency has acquired an Iceland supermarket in the Staffordshire market town of Litchfield.  The 6,590 sq ft property is let to Iceland Foods until 2019 and has been purchased at £1.1million, showing a yield of 6%.  In comparison to a number of other Iceland and other superstore investments recently brought to the market, this yield is extremely favourable.

Prices quoted on similar properties across the UK are at least 50 basis points sharper. 

“This acquisition typically represents our focus on understanding and developing clients’ requirements, and then sourcing appropriate opportunities for them around the UK,” said Graham Davies, director who heads investment. 

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