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Sale of School Lane and Thornley Groves commit by signing 10 year lease

19 Dec 2023

We are thrilled to announce that we have successfully represented our valued client, Vision O2 Limited, in the sale 100 School Lane, Sale. Teaming up with Dominic Evans, we were able to secure a fantastic deal for our client.

Thornley Groves (TG), a leading real estate agency, has recently committed to this property by signing a new 10-year FRI (Full Repairing and Insuring) lease at an impressive rate of £34,250 per annum. This lease agreement ensures the tenant is responsible for all repairs and insurance costs during their tenancy. The bidding process for this prime property was highly competitive, attracting multiple interested parties. However, our expertise and negotiation skills allowed us to secure a price that surpassed our initial expectations, resulting in a sale at an impressive 7.05% yield.

Moreover, we are excited to share that our other TG investment on Lloyd Street in Altrincham is currently under offer, indicating strong interest in the local real estate market. We anticipate exchanging on this property very soon, further solidifying our track record of successful deals.

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