On behalf of Threadneedle Pensions Limited, managed by Columbia Threadneedle, Cooper Rose Real Estate has sold a portfolio of nine high street retail investments to clients of BCM for a price of £11,400,000, reflecting a net initial yield of approximately 8%.
The properties are as follows:
East Grinstead – 53-59 London Road
Epsom – 58-60 High Street
Haverhill – 1 & 2 High Street
Ilford – 133A High Road
Norwich – 7-13 Orford Place
Southend on Sea – 189 High Street
Southend on Sea – 191-201 High Street
Strood – 84-89 High Street
Wallasey – 309-313 Liscard Road & 1-9 Wallasey Road
The total gross income is approximately £989,745 per annum.
Contact Giles Cooper or our joint agents Fawcett Mead