Retail

2-8 High Street & 2-6 Ingrave Road, Brentwood CM14 4AB

 

Price: £4,400,000 - Initial Yield:8.75%

Date: Q3 2020

Acting on behalf of Cording Real Estate we advised on the sale of this South East retail/office investment to AEW UK for £4.4m, reflecting a net initial yield of 8.75%.

The property comprises a prominent retail/office parade measuring 22,046 sq ft. The property is fully let by way of 13 tenancies to an attractive mix of national and independent retailers producing a net income of £420,044 p.a with an AWULT of 4.4 years to expiry and 3.3 years to break. 42% of the income secured against national retailers including Nationwide, Headmasters, Done Brothers (Betfred), Harvey Jones and Countrywide Estate Agents.

Contact

John Ellison

Tel: 020 7493 3330
Mob: 07889 437 236
jellison@lewisellis.co.uk

James Elkington

Tel: 020 7493 3330
Mob: 07810722459
jelkington@lewisellis.co.uk


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