Investor acquires former Staffordshire supermarket

A former Staffordshire supermarket now occupied by a charity has changed hands, in a deal brokered by Birmingham commercial property consultancy Johnson Fellows.

SSK Assets, a West-Midlands-based investor, has acquired the 12,518 sq ft retail unit at Eastern Avenue, Lichfield, for an undisclosed sum.

Currently occupied by The Salvation Army Trading Company on a 10-year lease, the former purpose-built Lidl supermarket has 61 parking spaces and attracts an annual rental income of £120,000.

Chris Gaskell, who works alongside Lidl on the acquisition and disposal of sites across the country, said: “It is hugely satisfying to have completed another disposal on behalf of Lidl. We are working hand in hand with Lidl to dispose of land and property that is no longer required while also identifying sites for new supermarkets.

“The Eastern Avenue site, which has an outstanding occupier, was surplus to requirements and we are therefore delighted to announce that it has been acquired by SSK Assets.”