Retail

97/99 Terminus Road, Eastbourne 

 

Price: £3,040,000 - Initial Yield:5.75%

Date: Q3 2011

Acting on behalf of Fitzroy Street Properties we advised on the sale of this prime freehold retail investment to CBRE Global Investors for £3.04m, reflecting a net initial yield of 5.75%.

The property comprises a mid-terraced retail unit constructed on ground and three upper floors totalling 11,843 sq ft. Let to Poundland Ltd for a further 8.9 years, on FRI terms and subject to 5 yearly rent reviews, at a passing rent of £185,000 p.a. 

Contact

Jeff Ellis

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

John Ellison

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


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