27th May 2016 14:16
LONDON (Alliance News) - K&C REIT PLC said Friday it has agreed the sale of 49 Cheap Street, Newbury in Berkshire for GBP210,000.
The sale is expected to complete by June 24.
The site is a retail premises with a first floor flat that was bought in March 2014 for GBP215,000. It is being sold with vacant possession and is not currently generating any rental income, K&C REIT said.
The company will use the proceeds for general corporate purposes.
Shares in K&C REIT were up 21% at 8.50 pence Friday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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