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
