48 HIGH STREET, HUCKNALL, NOTTINGHAMSHIRE, NG15 7HD


January 18, 2013

Investment News

Acting on behalf of a private property company, FHP Property Consultants are pleased to announce the completion of the sale of the above retail investment.

This property was a former Woolworths store which was split up and let to two tenants. The subject property was let to Superdrug Stores on a lease expiring in January 2023 having 11 years unexpired.

The rent was £41,500 per annum, subject to review in 2013. Offers were sought at a figure of £495,000 which was 8% after costs. A price close to this figure was agreed.

Noel Roper commented:-

“We were delighted to act on behalf of this well established private client and were able to agree a transaction relatively quickly for the sale of this property at a good price.”

“There is still a strong demand for good, well let, retail investments in lot sizes of sub £500,000.”

The purchaser’s, who were a private pension fund, were represented by Geoff Gibson of Lambert Smith Hampton.

END

Noel D. Roper

BACK TO NEWS
Xhas now been added to your account

CONTINUE BROWSINGGO TO MY ACCOUNT