Shops units sold for £750K

Retail facility Lime Green Parade at Limeside in Oldham has been sold by Manchester-based Roger Hannah & Co on behalf of Rowlinson Investments for more than £750,000 to investors based in the South.

The parade, anchored by a Spar convenience store is fully let with a rental of £58,700 a year and the deal represents a net yield of 7.2%.

Stuart Cooper, director of Roger Hannah & Co, said: “Quality property investments are in short supply at present; especially one’s underpinned by a covenant such as Spar.

“This sale is testimony to the appetite of buyers who will tighten yields and not be constrained by location in order to acquire decent investment stock in the present climate.”