We use 'cookies' to ensure that we give you the best experience on our website and if you continue to use this site we will assume that you are happy with this. If you would like to know about 'what a cookie is' and how we look after your data privacy here, follow the 'Learn More' link to read our Privacy Notice.

Okay, I'm happy with that.    Learn More
News | Independent Commercial Property Agents | PAI

View our News and Deals or read our 'Viewpoint' blog.

Clark Weightman and Nalylors Gavin Black complete their first inter-firm deal

Wednesday, 18 November 2020

Clark Weightman and Nalylors Gavin Black complete their first inter-firm deal

PAI members Clark Weightman and Naylors Gavin Black have completed their first inter-firm deal. 

The transaction, in Grimsby, comprised a roadside tyre/exhaust centre and carpet showroom.  The property occupies a prominent position on the main arterial road linking the neighbouring towns of Grimsby and Cleethorpes.  The property is fully let and producing a gross rent of £98,467.63pa with the tenants being National Tyre Services Limited and Flooring Express Limited t/a Carpet Express.  The long leasehold interest has sold at £800,000. 

The seller was represented by Carl Bradley at Clark Weightman, with Fergus Laird at Naylors Gavin Black representing the purchaser. 

Commenting on the deal Fergus said: “This transaction is an excellent example of PAI working at it’s very best.  Carl and I speak on a regular basis and I was first alerted to this opportunity via the Investment Panel deals system.  I’m delighted to have completed the purchase for my client.” 

Carl was equally enthusiastic, the only disappointment being that the celebratory fish and chips lunch promised at the start of  negotiations will have to wait until lockdown restrictions are lifted!