H&M, 181-185 Western Road, Brighton
Price: £13,800,000 - Initial Yield:5.17%
Date: Q3 2012
Acting on behalf of Threadneedle we advised on the sale of this prime retail investment to Aberdeen Asset Management for £13.8m, reflecting a net initial yield of 5.17%.
The property provides a flagship store of approx 50,000 sq ft and is situated on the northern side of Western Road, Brighton’s prime retailing pitch. Let to the undoubted covenant of H&M Hennes & Mauritz UK Ltd for approx 14.6 years at a passing rent of £787,157 p.a. Freehold and part Long Leasehold.
Contact
Jeff Ellis
Tel:
020 7493 3330
Mob:
07775 582 719
jellis@lewisellis.co.uk
