Retail

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


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