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Galbraith Acquires Secure Investment for Diversification

On behalf of a private client, Galbraith have advised on the £630,000 investment acquisition of Kwik-Fit, Eastfield Farm Road, Penicuik. The property is let to Kwik-Fit for a further 13 years providing a net initial yield of 6.00%. 

Will Sandwell, Investment Partner commented:

This is a prominent roadside industrial property let to a strong tenant. The opportunity was identified and acquired an off market basis, it offers long term, secure income. The purchase and resultant income received are part of a diversification strategy to compliment the clients rural and agricultural assets.  With continued low deposit rates this commercial asset was the perfect match for the clients portfolio.