Eagle Way Investments Ltd, advised jointly by Savills and Barker Storey Matthews, has sold the investment of three retail units on Eagle Way in Hampton Peterborough to Aggarwal & Co Limited. The sale reflects a net yield of 8.88%.
The purchase follows the recent lettings to Eagle Way Trading Ltd and Kumon Peterborough Hampton Ltd.
Eagle Way Trading, which will be operating as a new fresh meat butchers and grocery store offering British sourced Halal and Kosher produce, has agreed to a 10-year lease and will occupy Unit 1. Subsequently Kumon, one of the UK’s largest supplementary education providers, has also agreed to a new 10-year lease for Unit 2. Both units provide space totalling 1,286 sq ft (119 sq m). The third unit is already let to independent estate agent Firmin & Co who have been trading since Q1 2019.
Sam Major, surveyor in the business space team at Savills Peterborough, comments: “The units on Eagle Way provided the purchaser with a chance to acquire three fully let income generating retail assets in a good location ideal for its new occupiers. The space benefits from the nearby Hampton College and Co-op Convenience store making it a solid investment opportunity.”
