17-21 Penny Street, Lancaster
Price: £5,220,000 - Initial Yield:5.20%
Date: Q2 2011
Acting on behalf of a Private Investor we advised on the sale of this prime retail investment to Hampshire Pension Fund, an in-house fund of CBRE Global Investors, for £5.22m reflecting a net initial yield of 5.20%.
The property is let to Wilkinsons Hardware Stores Limited, on a FRI lease for 20 years, expiring 15th January 2029. The passing rent is £301,000 p.a, which equates to £118.66 Zone A.
Contact
Simon Lewis
Tel:
020 7493 3330
Mob:
07831 527 960
slewis@lewisellis.co.uk
