Retail

27, 29, 31 & 35 East Street, Derby  

 

Price: £6,900,000 - Initial Yield:7.15%

Date: Q2 2011

Acting on behalf of LaSalle Investment Managers we advised on the sale of this freehold retail investment to a Private Investor for £6.9m, reflecting a net initial yield of 7.15%.

The property comprises four well configured units arranged as two banking halls and a card retailer unit. Fully let to national multiples with an average weighted unexpired term of 5.20 years and benefits from the undoubtedly good covenants including the Co-Operative Bank Plc and Derbyshire Building Society at a total passing rent of £529,500 p.a. 

Contact

Jeff Ellis

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


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