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Jack Wills

£1.4MILLION ACQUISITION OF JACK WILLS’ HOME IN BEVERLEY

Commercial investment property advisor, Carrick Real Estate has completed the off-market acquisition of a prime retail unit in Beverley, Yorkshire, from a JV of London & Lothian and Cosmic Securities, in a deal worth £1.372million, reflecting a Net Initial Yield of 5.5%.

59 Saturday Market, a Grade II listed building, occupies a prominent position on the western side of the market and is home to national clothing retailer, Jack Wills, which is let on a new 10-year lease at a rental income of £80,000 per annum. In recent years, Beverley has attracted a number of aspirational niche retailers to the town, including JoJo Maman Bebe, Seasalt, Crew, Joules and Hotel Chocolat.

Speaking about the deal, Carrick commented: “We are witnessing robust investor demand for single-let retail investments with good covenants in strong market towns and this acquisition certainly underlines that trend. Beverley boasts an impressive retail offer”

Reid Rose Gregory acted for London & Lothian and Cosmic Securities.

 Carrick Real Estate acted on behalf of a private investor.

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Todays Events

Saturday - 21st

53rd Wildlife Photographer of the year Exhibition

Beverley Art Gallery and Treasure House
10:00am

Snakes - a slither into a Secret Life

Beverley Art Gallery and Treasure House

Beverley Laughs - Family Comedy at The 'Tickled' Tiger Inn

The Tiger Inn, Lairgate, Beverley
12:00pm

Beverley Laughs - Comedy at The 'Tickled' Tiger Inn

The Tiger Inn, Lairgate, Beverley
4:00pm

Upcoming Events

Monday - 23rd

Hornsea Art Festival and Workshops

Various venues around Hornsea

White Horse Folk Club Singers and Musicians Night

Beverley Conservative Club, Wylies Road
8:30pm

Thursday - 26th

Monday - 30th

White Horse Folk Club Singers and Musicians Night

Beverley Conservative Club, Wylies Road
8:30pm

Tuesday - 31st

Kids Go Wild Bumble Bee Safari -

Beverley Parks Nature Reserve
10:00am