Richard Starr, has pulled off a fantastic double exchanging on two deals on the same day!
Oakwood Group has simultaneously exchanged and completed the purchase of an industrial property of 153,000 sq ft let to Nicholl Food Packaging Limited let for 20 years with minimum uplifts every five years. The purchase price of £8,600,000 reflects a net initial yield of 7.44%
Tri Capital Limited exchanged on the acquisition of 17 retail units in Great Barr, Birmingham for £1,800,000 reflecting a net initial yield of 6.25%.
Richard has also recently advised a private client on the acquisition of 5–8 Dysart Street, London EC2 comprising and let to Shanska for £3.3 million reflecting a net initial yield of 7%. He has also sold an industrial property in Eastbourne on behalf of The William Pears Group for £1.086 million to a local investor. |