A Lake District supermarket has been sold in a multi-million pound deal.
Naylors Gavin Black has acquired a central supermarket in Windermere, which is let to Sainsbury’s and located on the town’s main road, on behalf of Ashworth Investments Management.
The 8,537 square foot property is one of only three food stores in Windermere, a town that attracts around 300,000 tourists on a peak summer weekend.
Alongside the deal, Sainsbury’s has committed to the site and has recently signed a 15-year unbroken lease with RPI rent reviews for the store.
The store was acquired for Ashworth Investments Management and is the latest addition to their expanding commercial property portfolio.
Partner at Naylors Gavin Black, Fergus Laird, who brokered the deal to purchase the store, said: “Investments like this are incredibly rare in the Lake District and this opportunity has the sought-after benefit of a car park and trades seven days a week.
Naylors Gavin Black worked alongside fellow commercial property network member, Simon Adam Peill and Co. in Kendal. Andrew Scott at Mason Owen and Partners was the seller’s agent and Mincoffs handled the legals for the buyer.
Fergus added: “This is the third investment we have secured for Ashworth IM, who have been very active in the market recently.”
