Bromwich Hardy have acted on behalf of a private Client in negotiating the acquisition of Silverwing Retail Park in Swansea. The property comprises a three unit out of town roadside retail scheme built in the 1990’s and is let to American Golf, Majestic Wine and Domino’s Pizza
The scheme offers some asset management opportunities and is extremely well located on a site of 0.6 acres
The net yield achieved is 7% on an AWULT 7.63 years
Tom Bromwich comments
“This is an ideal purchase for our Client who was looking for secure income to quality covenants in an established location. I am delighted we have been retained to manage this asset and look to strengthen the income over the coming years “