Acquisition
01 April 2003 - 2:00AM
UK Regulatory
RNS Number:4061J
Stewart & Wight PLC
31 March 2003
STEWART & WIGHT PLC
845 FINCHLEY ROAD, LONDON NW11 8NA
TEL: 020 8455 1111 FAX: 020 8455 9191
ANNOUNCEMENT
STEWART & WIGHT PLC
31 March 2003
Stewart & Wight plc has contracted to purchase the freehold property known as
23 High Row, Darlington, for the price of #715,000 with the completion due on 22
April 2003.
The whole of the property is let for a term of 99 years from 7 February 1964 at
a current rent of #38,500 per annum with rent reviews in 2013 and 2038. The
property is sublet to Boots the Chemist at #41,125 per annum until 2011. The
purchase will be funded from the company's own resources.
The Board of Stewart & Wight plc consider that this latest acquisition to be a
good addition to the property portfolio of the Company.
DAVID M CRAMER
Director
Registered Office as above. Registered in England No. 57142
This information is provided by RNS
The company news service from the London Stock Exchange
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