In an off-market transaction, Cooper Rose Real Estate has sold the freehold interest in a prime, high street retail investment on High Street, Worcester for a price of £1,925,000, reflecting a net initial yield of 4.16%.
The 3,555 sq ft property is let in its entirety to Costa Limited on a 10 year full repairing and insuring lease from 20 July 2012, expiring on 19 July 2022.
The current rent is £85,000 per annum with a rent review on 20 July 2017.
Cooper Rose Real Estate acted for the vendor, Savills IM, and the purchaser was represented by GVA.
Contact Giles Cooper