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
