Retail

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


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