Cazoo portfolio - Motor Trade

Purchased the former Kia, Suzuki and Mitsubishi car showrooms at Bankhead Drive, Edinburgh

Properties extended to 30,000 sq. ft. on a site of 1.80 acres

Let on FRI terms for a period of 20 years to Cazoo

Simultaneously negotiated a sale and leaseback of 4 car showrooms in Chertsey, Northampton, Carlisle and Newcastle with Cazoo

Entire portfolio sold to LXI REIT for £23.25M reflecting a net initial yield of 5.50%