Eric Wright Group Acquires Retail Property In Bolton For £4.1M
Newport St, Bolton, Uk
$4,100,000
Building Size
—
Asset Type
Retail
Closing
Mar 9, 2020
About this deal
AI
The retail property located at Newport Street in Bolton was recently sold for £4,100,000. The transaction took place on March 10, 2020. The property is under the ownership of Lunar Retail Sarl and was purchased by Eric Wright Group, represented by Patrick Naylor. The seller's representative in the deal was Smith Price, while Cushman & Wakefield acted as the buyer's representative.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: £4,100,000
- Date: 03/10/2020
- Address: Newport Street, Bolton
- Market: Bolton
Patrick Naylor, from Eric Wright Group, played a key role as the buyer's representative in this sale. Cushman & Wakefield assisted them in the transaction, ensuring a successful outcome. The involvement of these professionals highlights the significance of their expertise in facilitating the sale of the retail property at Newport Street.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93