Retail

102 - 104 High Road, Ilford 

 

Price: £2,050,000 - Initial Yield:6.90%

Date: Q1 2013

Acting on behalf of Aberdeen Asset Management we advised on the sale of this prime retail investment to Abbeyback Estates for £2.05m, reflecting a net initial yield of 6.9%.

The property provides a large well configured store providing 7,999 sq ft of accommodation on ground floor with additional sales and ancillary areas on first and second floors. The entire property is let to Lloyds TSB Bank Plc for a term of 10 years from 26th June 2012, expiring 25th June 2022 with an open market rent review at the 5th year. The current rent passing is £150,000 p.a. which devalues to approximately £89 ZA.

Contact

Jeff Ellis

Tel: 020 7493 3330
Mob: 07775 582 719
jellis@lewisellis.co.uk


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