A portfolio of nine mostly retail and hospitality properties across the UK have hit the market with a guide price of £7.5m.
The ‘Fenwall’ portfolio includes the Stafford branch of Barclays Bank, a Loungers venue in Malvern and two Costa outlets in Bolton and Norfolk.
The portfolio also features some landmark historic buildings, such as a Grade II-listed Regency building on Cheltenham’s Promenade, and generates a total annual rental income of £550,000.
Stephen Hawkins, regional managing partner at Eddisons, which has been appointed to market the portfolio, said: “These are diverse and high-performing assets that we have been instructed to sell as a whole or individually. A strong tenant profile includes Costa, Vodafone, Barclays Bank, Loungers UK, restaurant chain Cote and health testing company Randox.
“The vacant Cheltenham property has scope to increase annual rental income to £610,000 once it is let, and we are expecting high levels of interest from a range of investors for this portfolio.”
