Annfield Increases Oban Holdings
4th June 2007
Annfield Assets Ltd (Kilmartin Property Group) has acquired 107-109 George Street in Oban, for £540,000. The deal represents a yield of 5.5%.
The 2,400 sq ft combined retail unit is let to Oxfam until November 2009. It sits on George Street, Oban’s prime retailing pitch. Ryden has acquired three George Street-based retail investments for Annfield in the last 12 months.
John Morton of Ryden said: “This acquisition has substantially increased Annfield Assets’ holding on George Street. Our job was to identify an opportunity and add value.
The result was another successful acquisition.”Ryden acted for Annfield Assets and CBRE acted for the vendor.
