27 February 2004
The deal on the mainly retail property reflects an initial yield of 5.7%, although this will rise following an outstanding rent review. Tenants include Waterstone’s, Arcadia and Burger King. The property produces a rent of £1.5m a year and the leases have between five-and-a-half and seven years to run.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.