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Investment News
FHP Property Consultants are pleased to announce the completion of the sale of the above single retail investment, let to Coral Estates Limited and Coral Racing Ltd.
The property was let for a term of year 10 years from August 2006, expiring in August 2016, at a rent of £9,500 per annum.
The agreed sale price was £126,500 to show an initial yield of 7.28% after costs. FHP represented the vendors who were a substantial, private, Nottingham based Property Company.
Noel Roper comments:-
“We were particularly pleased to be able to sell this small, retail investment at a very good figure. The property was well let to Coral Estates Limited who had been in occupation for many years. The property is situated directly opposite the new Sainsbury’s Superstore, which has been recently completed on Nottingham Road, Mansfield. The purchaser was a private Derby based investor who represented himself.”