CRT Property Investments Ltd has added to its portfolio of commercial units with the purchase of a 15,588 sq ft retail warehouse on the busy Sutton Road in Mansfield.
The organisation will continue to let the commercial space to current tenant Magnet Kitchens, which has held the lease to the property for more than 25 years.
CRT’s Shaun O’Brien said: “The purchase of units that hold current tenancy agreements is ideal for our business model. This is an attractive investment which allows us to balance out the portfolio that we have in place. The fact that Magnet are a current tenant certainly appealed to us and we will continue to work with them in the future.”
CRT Property Investments Ltd is a subsidiary of the Coalfields Regeneration Trust, the only organisation dedicated to supporting the coalfield communities to help themselves. Responding to the challenge from Government to become self-financing, the property investment company will provide a return that will continue to allow the Coalfields Regeneration Trust to create programmes that meet with the diverse and complex needs of the communities throughout the UK.
With some 5.5m people living in these areas, and many falling into the 30% most deprived in the country, the group says there is still a lot of work to be done to restore these communities to the thriving villages and towns they once were.
For more information about the Coalfields Regeneration Trust and the programmes that it has available for individuals, community groups and commercial organisations please visit www.coalfields-regen.org.uk.