Source - RNS
RNS Number : 2343M
Stewart & Wight PLC
11 October 2016
 

STEWART & WIGHT PLC

845 FINCHLEY ROAD, LONDON NW11 8NA

TEL: +44 (0)20 8455 1111 FAX: +44 (0)20 8455 9191

                                                       ANNOUNCEMENT           

 

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

Director

 

 

 

 

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
The company news service from the London Stock Exchange
 
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