St Thomas Centre, Exeter
Price: £4,600,000 - Initial Yield:7.00%
Date: Q3 2012
Acting on behalf of LCP we advised on the purchase of this shopping centre investment from Lloyds TSB for £4.6m, reflecting a net initial yield of 7.0%.
The shopping centre comprises a supermarket, 16 retail units, a public house and 5 residential flats totalling 37,500 sq ft. Let to LCP Securities Limited for a further 84 years at a rent passing of £328,272 p.a. The property is sublet in its entirety to multiple retailers.
Contact
Simon Lewis
Tel:
020 7493 3330
Mob:
07831 527 960
slewis@lewisellis.co.uk
