Retail

31-33 East Street, Chichester 

 

Price: £3,950,000 - Initial Yield:4.70%

Date: Q4 2017

Acting on behalf of M&G Real Estate we advised on the sale of this prime retail and residential investment to RO Real Estate for £3.95m, reflecting a net initial yield of 4.70%.

The property comprises two prime retail units over ground and basement levels, with 3 self-contained residential flats and a maisonette above, which are all fully let on AST’s. The retail element is let to Gerry Weber & Hotel Chocolat and has an AWULT of 3.0 years to expiry. The property produces a total rental income of £197,640 p.a (retail £163,500 p.a and £34,140 p.a on the residential element).

Contact

Jeff Ellis

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

James Elkington

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

Fred Daeche-Marshall

Tel: 020 7493 3330
Mob: 07785741700
FDMarshall@lewisellis.co.uk


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