CBGA, acting on behalf of an Institutional client, has sold the Freehold interest in this retail and office investment to Delamere Estates at a price of £3,800,000.
The property comprises a total of 9,715 sq ft, the majority of income derived from three retail units let to Northern Rock and H.Samuel Ltd. The three floors of offices over are part–vacant. The total income is £300,675 per annum.
The price reflects a net initial yield of 6.75% on the retail income and 15% on the office income, reflecting the short term nature of the income and the third floor being vacant.
Should you require any additional information, please contact:
Richard Starr
CBGA
34 Dover Street
London
W1S 4NG
Tel: 020 7495 6838
Fax: 020 7495 3056
e–mail: rstarr@cbga.co.uk
Website: www.cbga.co.uk
CBGA are one of the leading niche firms of investment surveyors based in Central London specialising in the sales and acquisitions of commercial investment properties.
The website is designed to provide an insight into the activities of the company, together with providing information on recent transactions and current sales. |
