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
