C2 Capital Market Place Barnard Castle Barclays Retail investment

Market Place, Barnard Castle

Description

The property comprises an attractive listed bank premises arranged over basement, ground and first floors.  The upper floors are arranged to provide a self-contained residential flat.  At the time of purchase in March 2010 the property was let for a further 2.5 yrs to Barclays Bank.  Acquired in March 2012.

Business Plan

Upon acquisition the existing lease was regeared for a term of 20 years and the property subsequently sold.

Exited Investment

Realised Returns

Ungeared IRR: 55%
Hold Period: 6 months.

Acquired on behalf of:

Fund 1