Eric Wright acquires Bolton high street shops
The Eric Wright Group of Bamber Bridge has purchased a £4.1m parade of shops in Bolton town centre.
The retail scheme comprises 19 retail units made up of both national and independent local retailers including Holland & Barrett, Game, Heron Frozen Foods and Shoe Zone.
Patrick Naylor, group portfolio manager for Eric Wright Group, said: "Whilst some investors may be hesitant in acquiring retail assets in the current market, we believe it presents a worthwhile opportunity to secure substantial rental income in areas like Bolton where good investment in the town centres exists and where there is a council in place which has adopted a proactive attitude to development and regeneration.
"This is a great investment for us and a superb addition to our property portfolio. We have two other units available to let and are experiencing a keen level of interest in both of them.”
The acquisition follows a recent £3m improvement programme to enhance the shop frontage and paving including the installation of new lighting, seating and tree planting as well as the opening of the nearby £48m Great Moor transport interchange.
Cushman & Wakefield advised EWG whilst Smith Price represented the vendor.
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