Transaction | Sale |
---|---|
Description | Former store on ground and first floors, with service yard to the rear of the shopping centre. |
Size | 41,700 sq ft / 3,874 sq m |
Tenure | Long leasehold |
Tenancies | Let to J Sainsbury Plc with full privity of contract for a further 92 years at a current rent of £345,000 per annum, which reflects £8.27 per sq ft overall. the store has now been assigned to B&M Retail Ltd. |
Price | £6,650,000, net initial yield 4.90% |
Client | Private overseas investor |