Purchased for fund manager clients in a sale and leaseback for £970,000, reflecting an initial yield of 10.72%.
The vendors, Metalrax Group plc, took a 15 year lease at £110,000 pa with annual RPI uplifts.
December 2010
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Sampson Moore have advised a private investor on the purchase of a prime shop in Gloucester for £930,000. The property is let to Waterstones until Jan 2030 at a rent of £175,000 pa due to reduce to £85,000 pa in Jan 2025 following a regear. May 2024
