STEWART & WIGHT PLC
845 FINCHLEY ROAD, LONDON NW11 8NA
TEL: +44 (0)20 8455 1111 FAX: +44 (0)20 8455 9191
11 October 2016
Acquisition of freehold property
Stewart & Wight plc ("the company") has contracted to purchase of the freehold property 75 High Street Barnstaple this week. Barclays Bank has agreed to lend the Company £1m towards the purchase price of £1,130,000. The balance will be met from own funds.
The property is let to Costa Limited for a term of 12 years from 25 March 2006 at a current rent of £85,000 per annum. The property is let on a full repairing and insuring lease.
The Board of Stewart & Wight considers that this acquisition will be a valuable addition to its property portfolio.
DAVID M CRAMER
For enquiries about buying and selling shares in Stewart and Wight Plc please contact Mr Lawrence Marshom ,Walker Crips Stockbrokers Limited, Finsbury Tower,103-105 Bunhill Row, London ,EC1Y 8LZ.Telephone:44 (0)20 3100 8660
Registered office as above. Registered in England No. 57142
This information is provided by RNS