Crosthwaite Commercial
 Mon 23 Jul 2012

Crosthwaite Commercial has negotiated the purchase of the freehold investment in the Just Car Clinic at the Wicker Centre on Savile Street in Sheffield on behalf of a private local investor.

The premises comprise around 28,000 sq ft of workshops and offices on a site of about 1.8 acres and are let to Just Car Clinic Group plc until 2028 at a current rent of £155,796 per annum. The price paid was £1.375m representing a net initial yield of almost 11%.

The vendors, who were Fixed Charge Receivers acting for the West Bromwich Building Society, were represented by CBRE & Eaton Commercial.

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