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Newport St, Bolton, Uk

Updated Oct 29, 2024

Eric Wright Group Acquires Retail Property In Bolton For £4.1M
SOLDRetail

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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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

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