Ediston on behalf of the Ediston Property Investment Company (EPIC) has completed the sale of Knotty Ash, Liverpool, a leisure unit let to Mecca Bingo Limited until September 2022. The sale price was £2,915,000 which is in line with the 30 June 2019 valuation. Due to confidentiality Ediston is unable to disclose who the purchaser is.
Finlay Miller, Investment Manager at Ediston Properties Limited, said “The lot size is well below the average lot size of EPIC. We believe the sale proceeds can be reinvested in a way which is value accretive for EPIC’s investors, either by carrying out asset management on existing properties or acquiring a new property in line with the preferred lot size and investment strategy ofRead More