Victoria Buildings on London Road sold for £8.18m

Victoria Buildings on London Road sold for £8.18m

Victoria Buildings on London Road sold for £8.18m

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VICTORIA Buildings in Stockton Heath, which is home to businesses including Pizza Express and Toni & Guy, has been sold for £8.18m.

The buildings on Grappenhall Road and London Road were bought by Lumina Real Estate Capital (LREC), a leading real estate investor and advisory company.

The property is currently let to nine tenants, including restaurants and bars, with two vacant units over ground, first and second floors.

James Armstrong, investment director at LREC, said: “We were delighted to have secured and delivered this asset on behalf of Lumina’s Special Situations Fund II.

“The property provides a strong existing income stream, whilst also offering immediate opportunities for asset enhancement.”

Comments (1)

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11:14pm Tue 22 Jul 14

mr dave k says...

paid too much
paid too much mr dave k
  • Score: 0

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