Recent Investment Transactions
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.
July 2012
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.
December 2011
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%.
September 2011
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.
February 2011
SEDGWICK ROAD, LUTON
Purchased for fund manager clients in a sale and leaseback for £880,000, reflecting an initial yield of 10.74%.
The vendors, Metalrax Group plc, took a 15 year lease at £100,000 pa with annual RPI uplifts.
February 2011
Page 7 of 10
