Sale of 79 Dunfermline High Street

By August 13, 2013News

Cordatus Real Estate in conjunction with Eric Young & Co have acted successfully on behalf of GE Capital Real Estate to conclude the sale of 79/83 High Street, Dunfermline.

The 15,266 Sqft property, prominently located on Dunfermline’s High Street, has been extensively refurbished under the management of cordatus and subsequently let to JD Wetherspoon on a 30 year lease.

Having achieved an excellent price equating to 7.19% to the sitting tenant, Andrew Murray, Asset Manager commented – ”We are delighted the way in which the market has received this investment opportunity and acheived strong interest from a number of buyers. An excellent price has been achieved through the attraction of a long lease to a strong covenant, good asset management, and well known location”.