Stewart & Wight PLC Acquisition (6059A)
27 March 2017 - 8:05PM
UK Regulatory
TIDMSTE
RNS Number : 6059A
Stewart & Wight PLC
27 March 2017
STEWART & WIGHT PLC
845 FINCHLEY ROAD, LONDON NW11 8NA
TEL: +44 (0)20 8455 1111 FAX: +44 (0)20 8455 9191
ANNOUNCEMENT
27 March 2017
Acquisition of Freehold Retail Property
Stewart & Wight plc ("the company") contracted to purchase
the freehold retail property 75 Linthorpe Road Middlesbrough on 24
March 2017. The purchase price is GBP620,000 and will be paid for
out of existing funds.
The property is let to HK Foods Limited on a ten year lease from
2 September 2016 at a current rent of GBP45,000 per annum with an
upward only rent review on 2 September 2021. The property is let on
a full repairing and insuring lease.
The Board of Stewart & Wight considers that this acquisition
will be a valuable addition to its property portfolio.
DAVID M CRAMER
Director
For enquiries about buying and selling shares in Stewart and
Wight Plc please contact Mr Lawrence Marshom , Walker Crips
Stockbrokers Limited, Finsbury Tower,103-105 Bunhill Row, London
,EC1Y 8LZ.Telephone:44 (0)20 3100 8660
Registered office as above. Registered in England No. 57142
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 27, 2017 05:05 ET (09:05 GMT)
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