Framcourt Developments (part of the Henry Lax Group) has sold a prime trade counter investment let to Kwik-Fit in Selby, North Yorkshire; Howard Jenkins acted both in the original off-market letting and, subsequently, as joint agent in the freehold sale. 

The unit extends to 4,629 ft² on a site of 0.38 acre which Framcourt refurbished to a high standard, improving the EPC to an excellent ‘B47’ Rating, prior to leasing the property to Kwik-Fit (GB) Ltd on a new 15-year lease at £58,000 pa (£12.53 psf).

The property was marketed at a guide price of £950,000 reflecting a net initial yield of 5.78% and was purchased by a Yorkshire-based private investment company.