Meeting Clients Investment Objectives

Vail Williams act for The Rufford Foundation, an independent grant making charitable trust concentrating on nature conservation projects.

The Foundation has a small property holding which they were seeking to expand in order to improve their income returns from their capital.

Their requirement was for a ‘bond-type’ investment that was secured on a good covenant, with a long lease and incorporated fixed rental uplifts with a maximum lot size of £3 million. These types of investments are in high demand and not easy to locate in the current market.

Vail Williams’ Investment team searched the market on their behalf and identified a suitable investment at The Bridges, Ringwood, Hampshire which comprised a prominent petrol filling station and convenience store located at the A35 trunk road outside Ringwood.

Vail Williams successfully negotiated the purchase of the investment at a figure of £2.63 million to show the Foundation an initial yield of 6% and an equivalent yield of 7.5% net of purchase costs.

The property was entirely let to the Co-operative group for a further 17 years with annual rental increases of 2% p.a.

Ross Barbour, a Trustee of the Rufford Foundation commented, “We were very happy with the service that Vail Williams provided for us in securing an investment that so aptly met our current investment requirements in what is a difficult market”.

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