Sale of Investment Property

Wynnstay Properties PLC
10 February 2004


Wynnstay Properties PLC


10 February 2004


Sale of Investment Property

Wynnstay Properties PLC announces that on Tuesday 10 February 2004, contracts
were exchanged for the sale of its freehold property at 148 Bradfield Road,
Hillsborough, Sheffield for a cash consideration of £930,000, payable on
completion, scheduled for 9 March 2004.  This compares with its valuation of
£825,000 at 25 March 2003, representing a profit on disposal of £105,000, before
costs.

The property, comprising 3 floors of office accommodation, currently produces a
rental income of £78,350 p.a.  The proceeds will be applied in reducing bank
borrowings.  Commenting on the transaction, Philip Collins, Chairman, said: 'I
am pleased we have been successful in achieving a satisfactory price for this
property.  Its sale will assist the Company in pursuing our stated objective of
concentrating future commercial property investment in central southern 
England.'



END


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