Recent Sales Transactions
SITEL, TIMOTHY'S BRIDGE ROAD, STRATFORD UPON AVON
Leasehold industrial investment purchased for property company clients for £975,000, yielding 12%. The property comprises 25,719 sq ft and is let to Sitel at £125,000 pa with a break in Jan 2017. Ground rent £2,000 pa.
96 HIGH STREET, WORCESTER
Retail investment sold, with FSP, for fund manager client for £1.34m, reflecting a yield of 5.5%. Let to Fat Face Limited until June 2024 at £78,000 pa.
12 HIGH STREET, SHREWSBURY
Retail investment sold, with FSP, for fund manager client for £607,000, reflecting an initial yield of 6.23% and a reversionary yield of circa 7.25%. Let to Essensuals at £40,000 pa until November 2013.
PENTAGON HOUSE, DERBY
Purchased for property company clients for £1.775m. The property comprises 31,826 sq ft and the price reflects £55 per sq ft. The property is partly let to Chubb, Infomill and Chemring with some vacant space. When let, the anticipated yield is circa 16%.
WORCESTER ROAD INDUSTRIAL ESTATE, CHIPPING NORTON
Purchased for property company clients for a price of £1.925m reflecting an initial yield of 9.77%.
The estate comprises 38,785 sq ft producing £199,020 pa.