On behalf of Savills IM, Cooper Rose Real Estate has successfully exchanged and completed on the sale of the above prime retail property for a price of £2,550,000, reflecting a net initial and equivalent yield of 3.69%.
The purchaser was a private investor.
The property is let in its entirety to Oasis Fashions Retail Limited on a five year full repairing and insuring lease from 28 November 2013. There is a reversionary lease (documented in 2016) expiring on 27 June 2026.
The current rent is £100,000 per annum with a further rent review on 28 June 2021.
Contact Giles Cooper or Ben Rose